Fintech Exchange Name in Strong Trend Forms Bullish Flag
Tradeweb (TW) shares of the Fintech exchange are curling higher off a recent pullback that has formed a nice bull flag into its rising 55 day MA as it also is nearing a bullish MACD cross. TW closed back inside monthly value area on Monday and holding above 130 can see momentum push back to 135 as a first target while a bigger breakout higher could see 140 as there are some Dec $140 short calls in OI that would likely be a good ceiling into next month. TW also has some April $125 short puts in OI from a few weeks ago.