$TWTR about to touch the long term trendline$TWTR about to touch the long term trendline.
RSI and stochastic getting oversold.
Seems like a good place to start a position or add more.
You can also sell a put here for nice premium.
Safe trades!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
TWTR trade ideas
Twitter Analysis 23.08.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
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$TWTR$TWTR has been struggling this past month but it’s still been able to keep itself in an uptrend.
On all the major timeframes we’re still holding onto long term support but also coming towards the end of a symmetrical triangle.
Keep this on your watchlist for it’s next move.
It’s hard for me not to be bullish when you I use the app!
- Factor Four
TWTRLooks bearish on the weekly but looks bullish on the daily.
Seems to be a triangle forming.
There is an inverse head and shoulders pattern.
There seems to be very weak volume support on my vpoc, although stocks tend to run on low volume.
The rsi is bouncing off the 30 line, there could be some bullish divergence.
The Waddah bear signal is coming back to the 20 line mean that is a possible load spot.
Its a little over 20 days past earnings.
Pt -> 67 within 15-20 days
Sl -> 61
Is the hype real?
▼TWTR Potential Buy▼TWTR has displayed notable bull signals such as reducing selling momentum, buy indication on the Cycle Willy, and a change in wave from the Weis wave. I believe this stock is setting up for a decent bull run, but I want greater confirmation on the daily time frame. All the bull signals I have just stated would increase the validity of the play if it was also on the daily. Watch this stock.
▼ Bullish Signals ▼
Squeeze Indicator
Cycle Willy
Weis Wave
Watching for buys(TWTR)Right now TWTR is resting at a Fibonacci support but may break through. I believe its current price(62) and the support below it(60) are key zones to watch. We are seeing some signs on the 4h that TWTR may bounce off of its current support but it is best to wait for daily bull signals.
Bullish- Triangle breakoutSymmetrical triangle forming on TWTR here along with buyer volume starting to pick back up. Clean hammer & bounced right off the 100-day EMA - will be looking for a breakout from this triangle (broader market conditions permitting). Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on-
PT1- $65.77
PT2- $67.01
PT3- $68.55+
Twitter.. Bearish diamond spottedyellow lines- weeky channel
Green lines - breakout
Whitelines -Diamond pattern bearish
Fell out of the diamond Friday on a good job report that hurts especially social media and stay at hope covid stocks. The typical drop on this diamond pattern is the vertical lenght of diamond. In this case the lenght is 9$; that would place twitter retracing back to its channel bottom right on top of its 200ma.
1st tp 64.97
Stop loss after this 65$
2nd and final tp 61.25
$TWTRCup n Handle, looking for a move out of this base.
The catalyst that can help w/ the base breakout is the strong earning performance they have had recently.
Twitter reported earnings of 8 cents per share for the three months ended June 30, versus a loss of $1.75 per share in the comparable period of 2020
Broadening Formations Or Megaphone Profiting from Broadening Formations
Broadening formations are generally bearish for most long-term investors and trend traders since they are characterized by rising volatility without a clear move in a single direction. However, they are good news for swing traders and day traders, who attempt to profit from volatility rather than relying on directional movements in a market. These traders rely on technical analysis techniques, such as trendlines or technical indicators, to quickly enter and exit trades that capitalize on short-term movements. The trendlines help them anticipate turning points where they are able to profit from trading decisions if they time the trade successfully or to cut their losses short if the price moves against their position.
Reference article:
www.investopedia.com
August tends to be its strongest bullish month.It's currently in the distribution phase after earning without significantly volume flow .
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib fan/channel are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits constantly change. Trade small if you want to practice!