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Fan Yang

Twitter (TWTR) Looks Like its Confirming April's Bullish Breakout

Twitter $TWTR was in a key bullish breakout in April when price pushed above $37. Then price stalled around $40 and started to retreat. I noted a plan to buy the dip at two price levels ($35, $32).

Twitter (TWTR) Pulling Back after Breakout; I am Looking to Buy the Dip

TWTR Daily Chart

(click to enlarge)

Bulls Confirm Breakout:
- As we can see on the daily chart, price almost came down to $34 before rebounding last week.
- This triggered one of my entries.
- The subsequent sharp rally is a confirmation of the bullish breakout. 
- At this point, I think TWTR is ready to take off towards the $42 area, which was a support for a price top back in 2018. 
- Now, respect of $37 (previous consolidation resistance) as support would also help the bullish case. 

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