Tuesday, December 15, 2015

TWX Chart -12/15/15

TWX’s break of $67.50 was significant, as this was a long standing support level. I am using a 5 year chart here because one needs to go back that far to find support off this technical break. The stock now will almost certainly retest the $60 level. If $60 fails to hold, the stock could fall hard without much support to $50s and even $40s.