Clear SHORT for meSo, Twitter. Love the brand. Love the platform. BUT this is a huge short since my point of view.
3 main points:
1) Hit his head with the MA 200 twice and couldn't get on top of it.
2) Closed exactly at the .618 of the last downtrend.
3) 5 different officers sold $40 million worth of stock during october: openinsider.com
TWTR Support has become ResistanceThis is the daily chart on Twitter TWTR. The Head and Shoulders formation has played out to some extent as we are now well below the neckline in pink. $28 acted as support for a time but has now flipped to resistance (black line). I've sold the put options I was holding and taken profit as the chart looks indecisive, especially with earnings coming up on 10/25. My suspicion is further downside as TWTR has overhead resistance in the form of the $28 level and the downward dotted trendline.
twitter - correction to 400 - 450 zoneCorrecting to 400 zone looks likely...if all the tech stocks take massive dump then this might get real cheap. Either way stocks right now don't look like a great buy, but could make a good short.
TWTR - Twitter stocks Eur hedged analysisSocial stocks have been rocked this week after Facebook and Twitter execs got a grilling from Congress, sparking worries over increased regulation.
Over the past week, Snap and Facebook have fallen by 7 percent, and Twitter by 11 percent.
Technically the underpressured way started in early 2014 looks quite clear for TWTR. Looking for stocks pullback to 13.30/40 EUR range
Twitter INC, Cup and Handle? Possible Buy levels!this looks like a text book cup and handle. looking for pull back into buy zone possibly deeper end of it.
thats all I really want to talk about with this one, indicators are pointing that way as well.
this is the only safe level I would want to enter a long at.
Check out my other charts, some with 500% gainers, and follow for updates!
Happy trading, debating and speculating!
Facebook likely to drop down a rungI've been looking at Facebook since it lost 120B off it's top line. It's forming a really clear symmetrical wedge which is bad news in combination with its loss. There's a chance it could pull out of the wedge on the tops side, but it' much more likely it's going to pull FB down to $160 to $165 before rebounding back up. It will likely drag TWTR stock down with it, but Facebook is facing bigger issues then Twitter. Long term, Facebook will take a big hit for future growth as the company makes hard changes, Twitter on the other hand has its feet dug in the sand and is refusing big changes in order to avoid loss and intends to make gradual improvement. TWTR will be making better gains for now, but FB will eventually come back and over take it.