TWTR (Twitter) Can Be A Very Good Buy OpportunityTraders, Recent fall in Twitter (TWTR) can be a very good opportunity to buy this stock for min 20% rise. The level to buy is around 50 in the FCP (Fibonacci Confluence Pattern) Zone where we have completion of M pattern along with a trend line support. Max level is 48.44. Stops should be beyond that. This is a quick and simple buy trade.
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TWTR trade ideas
TWTR Analysis Post EarningsAfter ER, we are hanging by a thread of the downtrending channel.
We have two sources of support;
bearish channel support
Previous support from December
For the recent candle on the daily, we are looking at an inverted hammer candlestick, a good sign of reversal. Although a positive sign of reversal, this candlestick should be taken with a grain of salt due to earnings.
Best play is to sit back and wait for bullish volume & flow to come in before entering. We are aiming for a gap fill here, so
First target: 57.75 (just above recent candle)
Second Target: 64.00 (gap fill)
Recovery is certainly possible to fill in the gap, but may take some time and consolidation to get to that 64.00 level.
--- Suggested by: TexasMade ---
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Gap DownHas dropped past support of C. Not good. Gap down on large volume. OUCH!
If a stock gaps down and forms a doji, it may be worth a second look. TWTR did not do this.
Perhaps TWTR will find support in China? Perhaps the current administration will buy it so they can control tweets? But they already control all the tweets so what would be the point?
I guess a lot depends on how the market goes next week.
No recommendation.
TWTR - Inverse H&S. Target $75Greetings,
TWTR formed an Inverse H&S pattern, which I interpret as bullish. TWTR is between 20/50 MA, which is a very good time to enter any trade, whether you're LONG or SHORT. TWTR is also in the lower half of the 200D regression channel, which presents an opportunity to go LONG. I'm targeting $75 initially.
Happy Trading
$TWTR No good news from Twitter, Potential Support Zones
Earnings and guidance was terrible, this all comes after a investor / analysts day where the story was much different.
We have outlined 2 potential reversal zones for the stock which has seen some huge drops previously and recovered, whether it
can do so now without "political" influence only time will tell.
Twitter Q1 earnings today at 4:05pmTwitter Q1 earnings are today 4/29 at 4:05pm. Twitter (TWTR) reported Q4 December 2020 earnings of $0.39 per share on revenue of $1.3B. The consensus earnings estimate was $0.29 per share on revenue of $1.2B. Revenue grew 28.0% on a year-over-year basis. The company said it expects first quarter revenue of $940 million to $1.04 billion.
Q1 March 2021 Consensus:
EPS = $0.14
Revenue = $1.02 B
R3 = $79.97
R2 = $75.38
R1 = $70.79
pivot = $66.20
S1 = $61.42
S2 = $57.01
S3 = $52.23
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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