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TrumpWinz 13 points ago +13 / -0

zoom out to the monthly since inception. Halfway through January and it's reversed all of December gains.

That's a "topping" signal for lots of traders, expecially if we close the month of January completely reversing January by a substantial amount.

That sets off more selling.

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SirPokeSmottington 2 points ago +3 / -1

That's a "topping" signal for lots of traders

That's more of an overbought/overvalue signal.

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TrumpWinz 1 point ago +1 / -0

I'm trying to avoid candlestick trader parlance for the general public.

What I am referring to is a possible engulfing bear reversal at an all time high. That is not an overbought/overvalue signal. That is a signal that a top has very likely been put in on that instrument or market.

https://www.investing.com/equities/twitter-inc

Twitter also ended the day and the week at the dead lows which is another sign of weakness because by definition there weren't buyers moving it back up.

I think it can hit 40 bucks before the end of the month and if that doesn't hold I'd look to sell every bounce.