TWTR – To Soon to Plunge?

Nice movement in TWTR for swing trading, and thinking about the next move — seeing the consolidation take place between 70 and 60.  I have a bias for the upside.  Is the bias sound?  

No not yet.  This thing is a beast and could rip tomorrow to 75 but before I get excited about a full on plunge I’d like to see a more filled out consoldiation.  I know a large block of Feb 75-85 verticals went off today but I’d like to see more evidence before putting any % of money at risk.

Most recent trade in TWTR was a swing long using covered calls from the not so bearish intraday activity in the on 12/30/13.  Posted to TWTR in realtime.



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