twitter long confirmationTwitter has butterfly pattern on daily chart. Seems like the reaction on the support level is strong and buyers are actively taking their positions.
Twtrstock
TWTR Musk Walks Out On $44 Billion BuyoutWhat i really believe is happening is Elon Musk wants a better price for Twitter, in the $44-45 area instead of the initial $54.50.
And he will get it. The earnings won`t be strong, we could even see revisions.
My buy area is between $31 and $34 and the buyout price $44.
i think you can win both ways if you play an option strangle with 6 months expiration date.
Looking forward to read your opinion about it.
How will TWTR’s price react to court saga?Twitter Inc . (NYSE: TWTR ) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.
The company closed Aug. 30 just below $40.00. Over the last 30 days, the company peaked at $44.99, much lower than Musk's $54.20 per-share offer.
Amid the ongoing takeover debacle, shares of the company have taken a beating and investors are watching for buying or selling opportunities with Twitter's shares ahead of the Oct. 17 court hearing that will determine whether Musk is forced to proceed with the acquisition.
Impact of the proposal
Tesla's (NASDAQ: TSLA ) chief executive agreed to acquire Twitter in April, with shares trading back then at a roughly 10% discount to the offer price.
In May, Musk put the deal on temporary hold, raising concerns over spam accounts on the platform that he said were not accounted for in the computation of the buyout bid.
When the billionaire formally terminated the agreement in July, it sent Twitter's shares further down, with stocks tumbling to a four-month low on July 11.
Since then, TWTR has found buying support, maybe because investors believe that Musk cannot legally pull out of his market altering, unsolicited, an unconditional bid for twitter . Even so, downward pressure is building on twitters share price as the court case develops. As of writing, TWTR has retracing to the 50% level between its July low to its August high.
On Aug. 26, Deleware judge Kathaleen McCormick ordered Twitter to provide Musk with more data on how it calculates bot and fake accounts on its platform in the lead up to the Oct. 17 court hearing. McCormick mandated the company to produce information regarding 9,000 accounts it analyzed for authenticity as part of an audit at the end of 2021, London's Financial Times reported.
The data could strengthen Musk's claims and deal another blow to the social media company, especially after its former head of security, Peiter Zatko, claimed that he raised concerns about severe shortcomings in Twitter's handling of users' personal data, including running out-of-date software. Bloomberg reported, citing Zatko, that company executives also withheld information about breaches and lack of protections for user data.
Only loss in sight?
For Twitter , the deal has already incurred $33 million in expenses and the uncertainties arising from the court drama had caused a decline in its revenue. And even if it did see the deal push through, it will be left in a worse position than before the offer was made, Further, the entire saga has taken a toll on employee morale and retention on the social media platform.
Meanwhile, similar damage could be brought upon Tesla . The automotive company's shares, which Musk was using to support his buyout bid, have halved between early April at the onset of the deal and in late May at the start of Musk's attempts to pull out. Although the shares have started showing signs of recovery, Musk and his shareholders would have significantly overpaid for Twitter based on its current market value.
Right now, everyone is just waiting for the October court decision that will determine whether the companies will deal with the aftermath together or separately.
TWTR Double BottomTWTR has printed a nice double bottom along this middle band of the 'Gaussian Channel' indicator
This is the Monthly chart.
My stance on TWTR is extremely bullish, Elon Musk owning the most prominent space where NFT's are shared (in my knowledge) is a big buy signal to me.
TWTR poison pill "defence"If you haven`t sold TWTR here:
then what you should know:
After buying 9.2% of TWTR shares, Elon Musk wanted to buy Twitter (TWTR) for $43.4bn, $54.20 per share representing a 38% premium to the closing price on 1 April and take the company private.
Elon Musk about Twitter: “potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.”
“However, since making my investment I now realise the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
"My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. Twitter has extraordinary potential. I will unlock it.”
TWTR is up only 8% after 8 years of being listed.
I don`t think Jack Dorsey has found the path to profitability, nor that the board works in the interest of the shareholders.
That`s why they went for the poison pill "defence".
I say "defence" as a joke, since the only one defended here are the board members and not the shareholders, which haven`t gained too much from holding the bag anyways.
The poison pill allows investors to buy additional shares of the company’s stock at a discount and therefore dilute the value of each individual share.
That is a viable strategy against an unwanted hostile takeover.
In my opinion, the board members will accept Elon`s proposal and buying the stock now will give you a 17% return.
TWTR Elon Musk just took a 9.2% stake in TwitterIf you haven`t sold TWTR at $65.50:
then you should know that Elon Musk just took a 9.2% stake in Twitter valued at close to $3 billion as of Twitter's closing price on Friday.
With 80.2Mil followers, Musk has the 7h most-followed Twitter account.
That being said, Twitter remains an unprofitable business since its launch.
Strong resistances at $48 and $54.50.
Looking forward to read your opinion about it.
Twitter to Move Lower? Twitter - Short Term - We look to Sell at 38.01 (stop at 39.89)
We look to sell rallies. Our overall sentiment remains bearish looking for lower levels. A Doji style candle has been posted from the high. Previous resistance located at 39.00.
Our profit targets will be 32.49 and 29.88
Resistance: 39.00 / 45.00 / 50.00
Support: 32.00 / 30.00 / 25.00
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TWTR Was the Twitter sell-off predictable ??If you considered this short call signal at $65, then yes:
Twitter is now close to its 2013 IPO price $26 per share. Just that the stock debuted on the NYSE at $45.10 a share.
So you can buy it lower now.
I would think twice, though:
The company is not profitable and its co-founder, Jack Dorsey, has stepped aside as the company's CEO.
Twitter can also lose market share because of TRUTH Social!
My price target is $30.5.
Looking forward to read your opinion about it!
Twitter - Bullish Sequence!We are bullish on twitter, after completing wave (y) in the minute green degree of which the downward move began in about mid-July 2021, this move has seen twtr move lower to the bottom of the channel as low as $41.00. Now we expect twtr to resume the bullish cycle of wave 3 in the red minor degree to at least about $167.00. This drop has presented us with a good opportunity to buy twtr at a discounted price.
TWITTER Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
$TWTR INVERSE HEAD AND SHOULDERS (BULLISH)Potential head and shoulders forming on the daily. Settled on the 50 EMA (purple line) looking for a bounce out past 63.35 or the 9MA (white line)
Tomorrow I will be eyeing the 5/14 $70 C
Tomorrows open will tell us a lot about tomorrow movement.
Twitter - Overbought Now Retrace to SupportThis is very overbought, even on monthly RSI which makes a retrace likely. Also it is equal to previous all time high levels and so far has not been able to break above this resistance.
For a target TP 0.618 Fibonacci aligns perfectly with previous structure at $56.11. First we need to see more rejection from resistance before entering a short.
TWTR on track to test the Top of the ChannelTwitter is setting up nicely for a move to the upside. We remain bullish on twitter.
* This is just free advice, not financial advice. We love sharing what we do.
TWTR possible swing ideaTWTR is trading very low on pre-market. The main catalyst for the drop is probably the banning of Trump. Price is now below the 14,21, and 50 emas and getting close to the trendline. MACD curled down, -DI is crossing over +DI and ADX is curling down, showing that the current trend is losing steam.
TRADING STRATEGY
Long: I am a buyer on the trendline (if it holds) with a stop loss just below it. I would be looking to sell when/if the price reacts and moves up to the 50-ema. That would be a quick 7.3% at the time of this writing. I may hold and sell when/if it gets to the 21-ema depending on what happens on the 50-ema. This would be about 12.7% at the time of this writing.
Short: You can also short and close your trade when/if price meets the trendline, or you can place a trailing stop. If you short your stop loss should be just above the 14-ema.
Safe trades!
Note: If prices start moving up on opening none of these will apply.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
TWTR ShortSometimes you just gotta be a bear!
Entry: green trendline from March (ATH: 56.00)
PT1: white trendline (48-49)
PT2: red trendline (44-45)
SL: break of ATH
