$TWT
Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern and reached our target of $1.00 resistance. It got rejected there. We would be buyers on pullbacks to $0.70 support, which is a possible swing trade entry with +30% upside potential back to $1.00. Stop Loss at $0.64. (set a price alert).
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Strong Down, Medium-term trend is Down, Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.81, then $0.70. Nearest Resistance Zone is $0.90, then $1.00.
