TWTR trade ideas
$TWTR time to long this undervalued platformNeed to see how this plays out, ill take a small position as the stock is in a long bearish trend. However we can see a small bullish divergence and we can see that some trendlines match up with around 40$ prices.
Short term is has broken a resistance line and retested this.
Twitter has some relevant news thats neutral and some is bearish, dyor.
What I See For Elon Owning A Share Of TWTRElon --> Moon with rockets literally and with stocks so...bullish on this one.
When I explain charts to my mom I say candles doing this(reference chart) is GOOD, bullish, if you're long that's good. I don't know how I feel about Twitter potentially doubling its market cap considering social media company influence in the world... but regardless I think it's a possibility-(eventually)-especially in the monthly charts. Big come back possibility for TWTR having been valued at $80.75 before. I HOPE Twitter is a humble company and Elon passes good influence and inevitably enthuses buyers to find faith in Twitter stock. Twitter at $50 is valuable to me.
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Shorting Twitter (TWTR) To The GAPHere is the TWTR GAP to watch:
GAP: $46.86 - $40.96
Here’s the trade:
1) Sell at market from $51.00-$52.00
2) Initial stop loss at $57.75
3) Profit target at $44.75, just above the Daily 62% retracement
This afternoon’s FOMC Minutes may have a tremendous impact on the markets. Be sure to keep an eye out for major volatility as this news release comes online.
[Twitter] Will the blue bird fly high?#Twitter #Stocks #NYSE #Daily
- Twitter, known to be world’s biggest social network platform recently had a good issue that Elon Musk has acquired about 9.2% stake.
- If you look at the chart, about 70% bullish rally has appeared with a huge gap.
- The black long-term upward parallel channel has been re-entered from the bottom and thus this bottom will be potential support for a while.
- In Elliott Wave perspective, I think this impulsive bullish wave is B. If Twitter successfully break the blue falling channel and the orange downward trendline above, this scenario might be wrong meaning that I will be very bullish.
- Until then, I would say buying in between my first support and the blue channel and orange trendline is not the best idea.
- For those looking for a new entry to buy, it would be either breakout entry above or pullback entries at my supports at 44.60~46.60, 39.30~ 41.30, and 33.30~ 35.30.
- Resistances that I am keeping my eyes on are 55.80~57.80, 62.40~64.40, and 68.40~70.40.
Elon Musk Buys 9% of Twitter (And Gets a Board Seat)Seriously kudos to Elon Musk.
First of all, the $3 billion he spent on Twitter is actually a pretty small fraction of his net worth. And he recently sold a ton of Tesla shares. I am sure the tax bill was massive.
Nonetheless, he took some of his money and pushed the chips all in on the service he loves and uses daily. Musk does not use any other social network but Twitter. This network has largely helped create his entire brand. He has gone "viral" simply because of the way he uses Twitter. I call it a masterclass.
I would go so far to say that the network has even helped him get Tesla to where it is today. Remember all the short squeezes that happened on Twitter? All the debates? Tesla bears on Twitter? Buyout 420? The list goes on and on. Also, it's kind of an incredible cycle. He is already up $700 million on his investment – buys Twitter, everyone on Twitter tweets about, all the tweets spike the price, and now Twitter is pumping TWTR. Whoa.
I thought it was equally interesting that Twitter gave Musk a board seat after his stake. But this also makes perfect sense. Musk is a builder and considering how much he uses Twitter, he probably wants to fix a few things or push a few changes through.
Nonetheless, the chart above shows Twitter's stock price, PS ratio, and market cap. Is Twitter undervalued? Overvalued? It depends how far you think this platform can go in the future. Obviously they have lost to Facebook all these years, also TikTok, and even Snapchat. If Musk can actually spur some real growth, well, that might change how it's being valued.
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Elon Musk Buys 9.2% Stake In Twitter (NYSE: $TWTR)! 🚀🌙Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. In addition, the company offers Twitter Audience platform, an advertising offering that enables advertisers to extend advertising campaigns; Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California.