Don't Ignore This Chart!

Twitter Establishes First Support with Consolidation

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There is not much historical data for Twitter (TWTR) because it opened for trading just today. However, there are already signs of support near the opening price. The 1-min chart shows TWTR opening at 45.10, surging to 50 and then falling back to the 45 area. Notice how the stock consolidated from 11:20 to 11.35. The consolidation lows now mark the first support level to watch (44). Things will change rapidly on this chart, but you can click the image to see a live chart with current data.

131107twtr
Click this image for a live chart

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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