TWTR. Round bottom is possibleThe price is between the support at 17.50 which has held well for the second time
AND the horizontal resistance at 20.34.
The low risk/high reward trade is here as it can be stopped below the support.
Target is 31.87 - the top of the pattern.
Twitter Inc Is Not Dead YetShares of San-Francisco, California-based Twitter Inc have tanked nearly 14% from the highs recorded a week ago. Reportedly, a buyout is off the table for now, the primary reason for the sharp correction. What's scary for investors is that this has become a recurring trend, with the stock running up and subsequently losing nearly 14% twice since August. And with analysts predicting a further 8% fall from its last closing price, Twitter is best avoided in the short term. But Twitter Inc is not dead yet . The growing promise of live streaming, improving free cash flows, and a host of other recent moves make Twitter a stock to watch over the next 6 months.
TWTR short term bearishAgain with the gaps. TWTR was showing support around the 100 Daily EMA and also the 18.00 whole number.I expect higher prices!
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weekly trend line broken ... LONGweekly trend line broken , demand area retest
BUY 18.30
STOP 17.75
TAKE PROFIT 22
Say TWhat? TWenty-Five Percent on TWitter? $TWTR The longer term trendline that match the 200 day moving average has been broken and backtested. This also matches the 62/38 Fib retracement of a recent bull pole, and my target is just under the first Fib extension. Additional support from smaller averages and horizontal levels. Keep an eye on that MACD trendline
Twitter potential ab=cd with ab=cd=ef patternHi traders,
Just a thought. It's always good to analyse something and later come back and see whether your analysis was right.
And yes, the red CD-leg is far from perfect, but look at how the red EF-leg lines up with the blue CD-leg.
TWTR- Hedge Funds Accumulating, Rumors, Speculation Good R:RI have been bearish (along with everyone else) for much of the last year. The earnings reports show the number of users remain stagnate and there are concerns about being able to monetize TWTR has lead to the huge bearish move. If you listen to CNBC and all the media they tell many reasons to remain bearish. However when public sediment has been "Everybody Is Bearish " is when those "in the know" often begin accumulating. Recently a large number of hedge funds have added TWTR to portfolio> Possible Buyout Speculation? TWTR has changed the number of letter and pictures that can be sent on each tweet, causing speculation something could be in the works, maybe they figured out how to make money?Technically Speaking is has traded to these levels causing a nice support. I like when a stock bounces off support a few times.There was a strong Bullish candle with volume on Friday. TWTR still has the 50 EMA and bearish gap to contend with. But the risk reward may be worth a 1/4 or 1/2 speculation position to the bullish side, if TWTR can fill the gap it's 1 to 1. It could conceivably up to the 100SMA . A Breakthrough of that up to the 3/3/16 pivot and the 200 would be a nice gain! A buyout by a couple of the big boys is rumored! I wouldn't bet the house buy not a bad risk here!. Anything below 13.80 its going down...
Double Bottom with All Time LowsDespite the attempt to create an All Time Low, 14$ was set as support last week and now we have a potential double bottom for $TWTR that may lead to a short term rally towards 15$ and 16$ (two potential target zone for this bullish setup)
R/R is shown at the chart
$SPX position above 2050 support potential bullish moves this week in stocks (read more in the newsletters) and it should support this beaten bird to try and fly again.
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Twitter (TWTR) Bullish, Short swing Prices look as if they are heading for $16.00 again. Wait for support on the Trend line, along with MACD, and Stochastic Oscillators. Be away of your reversal candlesticks! (Doji, Hammer, etc.) HTTPS://WWW.TRADINGVIEW.COM/CHART/14FTWH6M/
TWTR Bullish TradePrefer to buy the stock or Buy call spreads unless if there is a good premium in put side. Stop 13.80 take profit 22.50$.
Take care about Theta ;)
Broke out of daily downtrend line - 24$ next $TWTR managed to stay above the broken trend line throughout last week's volatile price action.
16$ is now a support zone which includes also the Fast SMA line (currently support).
Nearest resistance is near 19$ and it comes with the 50 days MA.
In case of a breakout above 19-20$, next target zone, will be 24$ - Downtrend line and 200 days MA.
Buy zones - 16-16.5$ (structure and MA line), 15.5$ (structure, broken trend line and 61.8 Fib level)
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TWTR: Potential exploding pattern spottedTwitter has a very interesting chart pattern here.
We have evidence of large positions being accumulated, and of possible shakeouts taking place in this zone.
Currently, price sits above the volume mode, as you can see in the profile graph to the right, and has seen great climactic volume action in a downbar yesterday, while today went straight up from the mode.
I entered a long position today, before the close, and I'll be looking to add to it if it evolves positively.
Stop loss can be quite tight, look to buy tomorrow, and use a stop 1-3 ATR below.
Good luck if taking this trade.
Cheers,
Ivan Labrie
P.S.: feel free to contact me if interested in obtaining trading signals or tutoring. See my profile for details.
