TWTR trade ideas
Why i am possetive about twitterTwitter has experienced long term and huge correction , and i think twitter chart has good potential to be reversed.let s look at the chart:
Three strong supports line clusterd near the price:
1.price is supporting by strong static support line (purple line).
2.price is supporting by long term(weekly) dynamic support line( green line).
3.price is supporting by 0.786 fibonacci level
as you know, RSI is important indicator so lets look at the rsi and analyze it:
1.in rsi downtrend line is broken and pullback is completed. When the RSI breaks its downtrend line, it is very likely that the price will also break it (yellow line).
2.there is bullish divergence between Price & Rsi(red line).
Buy $TWTR - NRPicks 04 FebTwitter, Inc. operates as a platform for public self-expression and real-time conversation. The company offers Twitter, a platform that enables users to consume, create, distribute and discover content. It also provides promoted products and services.
Revenue TTM 4.7B
EBITDA TTM 775.9M
EBITDA margin 16%.
Debt/EBITDA TTM 5.14x
TWTR Predictions"Twitter ( TWTR ) reiterated its 2023 revenue outlook of $7.5 billion" I have my doubts. While its financials look to be in line with expectations, the stock is down 53%. When the company gave an ambitious revenue vision, it was clear that investors weren't buying it, and the stock dropped one after another, and they have cast a critical vote. We have reason to believe that the stock will consolidate at the $25-48 price level for a long time.
Twitter, keep falling and beyond... This idea is related to a previous post (see comment below to open that post). Price just broke mini support of a bearish flag is a good time to add to your previous position or open a new trade. It may pull back for a couple of days but at the end the bearish pressure will make it fall.
Twitter: Bearish Daily Pennant??Major pattern: Symmetrical Triangle
Continuation pattern: Pennant
a confirmation below 34 could bring prices to 28 ?? 23 ??
it seems strange to me that it can go down a lot, but the target of the symmetrical triangle is 21, and the pennant is exactly halfway, so it's textbook ..
The Week Ahead: TWTR, UAA, GPN, PFE Earnings; ARKK, XBI, XRTEarnings Announcements in Options Liquid Underlyings with >70 rank and >50% 30-Day Implied:
TWTR (93 rank/90 30-day implied) (Thursday, before market open)
UAA (80/68) (Friday, before market open)
GPN (71/51) (Thursday, before market open)
PFE (76/42) (Tuesday, before market open)
Pictured here is a directionally neutral TWTR short strangle paying 1.34 on a buying power effect of 3.71 (on margin), 36.1% ROC at max; 18.1% at 50% max. It announces earnings on Thursday before market open, so look to put on a play in the waning hours of Wednesday's session if you want to take advantage of the ensuing volatility contraction post-announcement on Thursday.
For those more of a defined risk bent, consider the February 18th 25/30/44/49 iron condor, paying 1.14 at the mid price as of Friday's close on buying power effect of 3.86, 29.5% ROC at max, 14.8% at 50% max with 2 x expected move break evens.
UAA is probably small enough to short straddle/iron fly, with the February 18th 19.5 short straddle paying 2.42 on buying power of 3.93 (on margin), 61.6% ROC at max, 15.4% at 25% max. The risk one to make one iron fly would be a "stays within the expected move" sort of play with the February 18th 15.5/19.5/19.5/23.5, paying 2.03 on 1.97, 103% ROC at max; 25.8% ROC at 25% max.
The GPN February 18th 130/160 short strangle was paying 2.97 on buying power of 14.97 as of Friday's close, 19.8% ROC at max, 9.9% at 50% max. The bid/ask is showing wide in after hours, and I don't particularly like the five wides where I want to pitch my tent. This is probably why I haven't bothered to play it before.
Although PFE's 30-day is a bit <50%, I figured I'd price out a setup because of its high options liquidity. Unfortunately, it's not very compelling at the moment, with the 16 delta 48.5/58.5 in the February 18th contract paying a scant .89 on buying power of 6.12 as of Friday's close -- 14.5% ROC at max, 7.3% at 50% max.
Exchange-Traded Funds With Ranks >50 and 30-Day IV >35%:
ARKF (76/63)
XBI (71/45)
ARKK (70/67)
ARKG (70/65)
XRT (63/46)
KWEB (63/54)
SMH (60/41)
GDX (50/45)
Pick your Cathie Woods poison (ARKF, ARKK, ARKG), I guess. Otherwise, sell premium in XBI or (there's one I haven't seen in a while) ... XRT, although you're probably going to get more bang for your buck out of KWEB, with its higher 30-day.
Broad Market Exchange-Traded Funds, Ordered By Implied Volatility Rank:
QQQ (55/29)
IWM (54/30)
EFA (43/19)
SPY (41/22)
DIA (40/21)
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 (NYSE: $TWTR) Rejects Piercing Through Golden Pocket!🗡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 tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers MoPub, a mobile-focused advertising exchange that combines ad serving, ad network mediation, and a real-time bidding exchange into one monetization platform; Twitter Audience platform, an advertising offering that enables advertisers to extend advertising campaigns; Developer and Enterprise solutions, a software-as-a-service platform that enables developers to build products on Twitter; and paid enterprise access for its public data streams. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.