TWTR - Megaphone formation watch outoriginally I was rooting for RSHS formation but after earnings the drop was too steep and we see a clear megaphone formation. High volatility, watch out.
TWTR trade ideas
Twitter seems building momentum; targeting 73$ per shareNYSE:TWTR
Hey everyone,
It seems Twitter was showered with tons of love from investors in the After Hour with a juicy +3.86%
Not sure if that is going to stick in the Pre-market, still I am ready to move in either direction.
I am including a quick view to Aspen Trading Group S/R Levels for everyone to know where to set risks and potential profit targets.
As bonus, I am sharing the Call Option I will be buying if Twitter can keep the green.
Until my next video,
J.R.
Aspen Trading Group
Trump is driving the price of social media TWTR was looking relatively bullish until trump came out with the announcement that he will be releasing 'TRUTH' social media app. TWTR formed a double top, despite not having conformation, TWTR generally respects the double top formation. A breakout below the trend line will be used as a good entry point.
TWTR - Twitter RSHSneed to be confimed on the last shoulder. If it does, a reverse trend and we see up. Will track and open a position below 59
More downside from both FA and TABased on the earning report from SNAP, we may see the spill over milk may affect TWTR too.
Based on chart perspective, (from both weekly and daily candlestick), TWTR may pull back abit more.
Target at 58/52
TWTR Twitter to lose market share because of TRUTH Social ? Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers.
Can we expect a retracement to that area because of TRUTH Social gaining momentum and market share?
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook.
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter / Facebook platform?
I`m looking forward to read your opinion about it!
WATCHING $TWTR for 54.90 - Key Levels and AnalysisWATCHING $TWTR for 54.90 - Key Levels and Analysis
Earnings prediction time…
I do not have a position at this time but will start one if it gets to 55
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
Tweet Tweet TWTR Ready to Flyyyy away… easy to spot breakoutThere are both technical and fundamental reasons this breakout is imminent and $100 is an easy target short to mid term. Notably $100 is a conservative target. The news in the social media “metaverse” is about to get even more interesting.
Set your stop loss below $50 to be safe, below $60 if you’re playing this tight. Potential gain of 50% and potentially only the beginning for this sleeping giant. Or should I say big bird? You be the judge. Always manage risk and have a game plan. Do your own analysis. Try to disqualify.
TWTR 2HRBEARISH Deep Crab STRONG PRZ , Earlier the Pattern given good reaction on Type1 entry i.e REACTION & Hit TARGETS
now price is again in PRZ Zone of Pattern Therefore it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Twtr Analysis(Twtr Analysis) - Ok so I have 2 "Primary counts" for this. Colors for "Primaries" are (Red and Light Blue). So getting into this our (1st wave) retraced marginally below our (.618 buy Algo zone) on Log scale and at the .786 for Linear scale. So right now on "Parallel Base channels" wise on the (Linear scale) we did break through and retest that top channel which would be a sign that it is a formed "4th wave" as it is also above "1.618 extension" , on the other hand on "Log scale there was no "Base Channel break" and technically we could say we are still in "3rd wave" cause still on Log scale "1.618 fibonacci extension" was never touched and is still below (1.236 extension) of it to be called an impulse for "3rd wave" for (Log scale) wise. So going into indicators wise the (MACD and RSI) do not have confluence as there was no 3rd wave confirmation on RSI but on MACD we have clear confirmation from the Histogram and averages that it could be (3rd and 4th wave) . So having that we will assume that we just has our 3rd and 4th wave finish (RED COUNT) and will head into the 5th wave if we can confirm out of this correction, for that I have placed a (Green Dashed Line) for a potential "Buy zone" for bulls if broken, if not and (RED DASHED Line) is broken we could have a (WXY) being formed and if we end up overlapping on "Macro waves" it could be complicated enough to stay out for that time being . Also I have some potential confluence as shown where we are currently at we have a (.618 retracement Algo Zone rejection) with a potential target of $100.22. I have also shown some targets where we could have a couple bounces on the "PITCHFORK" and as for right now on (Log scale) we are playing on the "Median" . AS always these are my opinions : )
As always happy trading : )
$TWTR Long Trade. Targets On Chart Twitter bullish. trade from pattern. on weekly chart. Trendline break confirmation at demand zone. Watching close for the week on nasdaq. and spx. TTD fibonacci retracement has completed.
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
TWTR Golden PocketWith everything beat up, we could see some reversals here. A lot of names can retrace to the golden pocket and beyond. Looking for a move back to the GP ($67). If market crumbles and $60.75 is lost on the daily time frame, the trade is invalidated.
Twitter possible flag break at earningsI am currently watching Twitter ahead of the upcoming earnings. The last strong rise in 23 bars was consolidated for a very long time. The extended Fib would set a target zone of the psychological 100$ mark, which I think is realistic from a purely market-technical point of view. We are currently sitting on a cluster (58$ mark that has held again and again + EMA/MA200 + 61 Fib).
Why the Fib from here and not from the March rise? I personally think it is worth noting here that the BBs are starting to open properly here and FOR ME here the last bull run is starting. If we set the Fib from March, the targets are too far away and this would not be in line with my trading strategy. Maybe quite a good approach for longer term oriented traders.
I would trade the breakout depending on earnings and volume and see how the current market sentiment is. If we see a bullish tech sector (watch the XLK ETF, especially the volume) then I would be compliant with the trade.
Of course, to keep the trade longer, you would also have to watch the behavior of the stock at the ATH. This of course needs to be adjusted to your own trading strategy. For me as a Swing/Positrader no problem. Who trades shorter term, should of course pay attention to his CRV / risk management.
Excuse my English, as a German I give my best :)
TWTR Bullish FlagI have been following this stock for a while. After the price drop, we witnessed the ATH. A solid consolidation zone has formed. Along with that, a bullish flag pattern calls my attention. The result of this could indicate an excellent solid movement to the upside until test high prices one more time or set new ATH.
TWTR set for take offThe price of TWTR is trading within a tighter and tighter range. I believe this could push the price higher.
Twtr price consolidationTwtr price is moving within a tighter and tighter trading range but how long can this continue? It's a matter of time before that pressure gets released. Will it get pushed higher? I'm betting that it will.
$TWTRTWTR has a gap down just below $65. Saw an almost $400K 65c for 10/22 expiry. If she can get above 61.5, she should be able to get up to fill that gap and possibly more. On watch.
TWTR good entry point Just started a position in $TWTR at $59.83
This is the first time I've owned $TWTR which is ironic considering how many hours per week I use the product
TWTR, Best and Worst Case Scenarios, We go Long but smartly!Is TWTR on the way to make a new ATH? of course it is possible in best case scenario. Is there another scenario? Lets follow !
There are two scenarios with high probability at the moment for TWTR. Although there are some other possibilities, we simply skip them as they have very low probability for now.
Best Case Scenario:
In best case scenario, TWTR has completed the corrective wave 2 of a new 5 up going waves at 0.618 retracement of wave 1 from 49.12 to 71.25. In this scenario labeled wave 1 has been started at 50 % retracement of last major rally from 20 to 80.75 USD. If true we will see a new ATH at the prices above 100 in following weeks. It is worth to note that still price can reach to 54 USD at 0.786 retracement of wave 1 in this scenario.
Worst Case Scenario:
In worst case scenario we are just in the middle of wave C of a larger abc correction of the last major rally. In this case, correction continues down to around 43 USD to meet the 0.618 golden ration of the last major up going wave and 71.25 high is just the top of wave b at 0.786 retracement of last drop labeled as wave a.
What these two scenarios suggest us?
In case of best case scenario our Reward to Risk is extremely high. So it is wise to go long at current prices but it is necessary to keep in mind that there is another possibility. Therefore we can set our stop loss to 58.4 (last formed low ) and see which path will the market follow.
My opinion:
Best case scenario is more probable. It is useful to consider that TWTR is in the list of top 30 hedge fund's favorite stocks published by yahoo finance around one month ago.
We know we have alternative scenarios. So we trade smartly. Don't we?
Twitter to trade to $94 by Feb 2022Invalidation if trades through the indicated stop.
Price levels expected to see a reaction, it may be a lot faster.
looking to go long TWTR if price can close above trend linewaiting for a monthly close above the descending trend line, which is just above the top of the regression trend, stop loss would potentially be pretty tight - a monthly close back below the trend line, the monthly close entry and stop are riskier because price could blast through the trend line pretty significantly in a month's time but I feel like the monthly close would be a more solid signal to trade on
