A Potentially Massive Top in TWTR has Developed

We started tracking the massive topping potential of TWTR back on 11/21/18, with my chart post titled,"What in the World is the Weekly Chart of TWTR Telling Us? Hint: Nothing Good!" At the time, TWTR was trading at 31.80. During the past 3-4 weeks, TWTR has completed the Right Shoulder of this huge top formation... Here is what we discussed back on 11/21/18...

The implication from the pattern indicates that if for whatever reason TWTR declines beneath 26-27 support, it will be vulnerable to powerful forces of long liquidation that sends the stock towards 12-15 optimally, and possibly to SINGLE DIGITS thereafter.

If Left-Right Shoulder time symmetry is equal, then 10-12 weeks will be needed to complete the Right Shoulder, which means another 3-5 weeks from now, or mid-to-late December before TWTR will be extremely vulnerable to acute selling pressure.

Only a climb above 36-37 will invalidate the Top Formation...

Last (12/20) is 28.81

12 20 TWTR Weekly GIF
12 20 TWTR Weekly GIF

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