Twitter stock is overbought, pullback might be expectedTwitter RSI within the 80 level, stock is way overbought. Might pullback in the short term, so it would not be bad idea to take some profits if your long. In the long term this stock is not done going up. Still remains an attractive stock. Buy the dips.
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Analysis on Twitter 8.06.2018
The price above MA 200 and 20 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 40.00
• Take Profit Level: 42.00 (200 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 38.40
• Take Profit Level: 38.00 (40 pips)
GOLD
Possible short position in the breakdown of the level 1293.00
EURUSD
Possible short position in the breakdown of the level 1.1760
USDCHF
Possible short position in the breakdown of the level 0.9780
GBPUSD
Possible long position at the breakout of the level 1.3480
TWTR - You can't go wrong with that in 2018Here is IMO the most likely social media platform to reach the prices of Facebook. or perhaps even merge with facebook. Although, that won't likely happen any time soon. This stock could also be purchased now at a discount. And then later, when twitter gets more popular. Facebook will likely want to purchase it, but by then the price will reach $100 + a share. So you might want to buy in now.
$TWTR - Regulation May Give Pressure Towards $28=> Increased sector regulation via Cambridge Analytica etc is going to be bad news for TWTR and we believe the recent squeeze in shorts has run its course.
=> Despite front-end rates ticking to the upside this year, differentials will not be enough to protect global Equity pressure will encourage investors to sell, especially in the U.S.
=> A likely correction is necessary and healthy in this case as we look for a more meaningful rebound in TWTR towards the end of Q318.
=> From a technical perspective we are seeing weakness around the 61.8 fib as widely expected.
GL all
FB expected to follow same pattern as TWTR and NetflixFB came out with great results yesterday beating earnings and revenue expectations. It is trading at +7% in pre-market or around 171 level.
Last week or so, Twitter and Netflix came out with great results as well. Mind you, the same type of investors like to invest in all 3 of these companies.
Twitter and Netflix reached their maximum on the day of earnings report and have been declining ever since, Netflix completely erasing gains since the results.
Based on behavior of these investors I expect the same scenario with FB, today being the peak day, maybe reaching 176, followed by steady decline over next 10 trading days to below 155 again.
I will close my position today at around 175 and will wait on the sides for better entry point, as we are still above the historical trend-line which we haven't touched recently.
Cheep Cheep! (TWTR)Twitter has had decent sell off since the time of the 14th of March. It has gone through some major support areas and managed to bounce off to the $27.68 area. The old support new resistance are around $27; $30; $32; $34. Today there was a gap in the open where yesterdays close ($30.4.) was, and the recent consumer confidence both support for higher tech gains. Twitter's bounce this morning has been consolidating around the $28-$29. I see a buy opportunity but that isn't until resistance is broken and/or retested. Watch for a bullish crossover and continuation of trend by the RSI. Recommended to buy at green, observe at red. Trade at your own risk, and consider your own analysis for an investment.
BCC's promotion handle SUSPENDED on Twitter. The "real" Bitcoin?Last month Bit Pay unveiled support for card top-ups using the Bitcoin rival, Bitcoin CASH. At the time, it was my hope that adoption of BCH transactions would boost support for the community....unfortunately when looking over the charts from the last couple of weeks, things do not look as good as I'd hoped. Since March 3rd price action for BCH vs BTC has dropped more than 15% sitting on a cluster of support once again at the .786. Ranking # 4 on CoinMarketCap, BCC has a market cap today of $11,155,525,447 USD.
Though BCH is up more than 200% since it began trading on Bittrex their future looks tumultuous. Is Bitcoin Cash losing the war they've been waging to claim the title of THE BITCOIN? This morning the Twitter handle being named responsible for the promotion of the coin was suspended due to a "large number of complaints from Twitter users". Some surmise these complaints were pursued by original Bitcoin enthusiasts, while others suggest the account was a "fake" to begin with and thus suspended for violating terms of use.
Are you a supporter of BCH? Do you think the coin will make a turn around managing to ultimately claim the champion title of the title Bitcoin?
Let me know in the comments!
UPDATE ON TWITTER!Soooo....
We hit our expected zones on twitter guys, like I said we would...
I'm joking, but in all honesty we hit our expected zones and prices are currently heading to downside target of 26.00. I believe that we could go much lower, potentially down to the 24.00/22.00 region.
If you managed to short this stock when I first gave my opinion on it, then well done honestly. I'm just waiting to go long on the pull back up to highs of 30.00/32.00.
I just hope that it's not another Facebook disaster, I got severely burn't on that trade.
Let's sit back and let the markets do the work guys shall we?