TWTR trade ideas
💡$TWTR 🐦Time to bounce back after 20% sell off? 💰+17%🏌️♂️📈 Twitter is down 20% from its recent highs, after it received criticism in media for its involvement in the recent Capitol Hill riots. I may also be receiving additional selling pressure as a knock on effect of the anti-trust elgilsating hitting other social media firms, namely Facebook. However, from a price action point of view, Twitter looks like a good set up. It is still trading in a bullish price channel formed from its March lows. It has recently completed a 0.619 Fib retracement, which is an area of confluence with the price channel support. There is also hidden bullish divergence with the recent swing highs and lows in the price diverging with the swing highs and lows in the RSI. Yet, though, there is no clear sign of price strength. It would be ideal to wait for a good green candlestick or a candlestick reversal pattern.
🔎This is not financial advice. Always do your own research and due diligence.
Twitter Ban over?Since the ban on Trump and many other people/organizations, Twitter has been an underperformer. There are a lot of reasons why investors would be hesitant given the uncertainty of potential regulation but from a technical standpoint, the stock seems poised for a mover higher. If twitter can clear the down trendline and hold range low levels at 44.00, the stock could reverse the recent down move and head back toward the 53.00 area.
TWTR 24 JAN 2021 1820 hrsWaiiing for confirmation of re-accumulation. Want to see if the buying is sustained at support or immedialy below it.
Supply pressure does look light at that last high.
Listen to the chart, not the news... or at least do not prioritise news. Wait for the price's reaction AFTER the news.
Good news will generally start circulation as the CO wants out.. he needs suckers to sell to at the highs.
Bad news will generally start circulating as the CO wants IN... He needs suckers who chased short to buy from....
Buy low/ Sell high.
Lets see if fib/support holds here.
TWTR: Long SHARES into Earnings but sell ATM calls to be safeTWTR has shown significant reversal technically and 1st target is 51.
It is after all a monopoly and monetization will be good, losing users from banning half of America is a short-term issue and is probably priced in. After all, most of the users on TWTR are leaning left.
Cheap compared to all other major social media names.
Charts don't lie, enough people want to own it and enough people are using it and enough cloud to be considered a monopoly for a long time to come.
Am inclined to sell ATM covered call to collect some premium just in case the user # is really bad and the street care, then they may not.
Twitter getting hammeredHey guys just wanted to do a quick analysis on twitter. was expecting TWTR to reach 50 before it went back down but that did not go well. Its volume slowed down sooner then expected so I am seeing TWTR to go back down to 42 before it starts to go back up and make a recovery. Twitter has just been getting hammered by many negative news. The first was banning trump from its platform which caused the stock to go down significantly. Yesterday we heard of a law suite filed against twitter for allowing a pornographic video of a minor to be allowed to be distributed on their platfrom. The video was not taken down by Twitter because it " did not violate twitters rules." So it has been pretty bad for twitter lately. lets see what happens though.
$TWTR and what its REALLY looking likeLooking at the bigger picture this stock is on a clear uptrend, looking closer at the uptrend I noticed we reached support ($44), (highlighted in blue circle).
I have highlighted red circle at $50 to show a gap in the chart.
RSI indicators are showing we are near the bottom, a lot of upside to go.
Has the qualities of a low risk high reward setup!
PT: $50,$53.5,$56
SL: $44
I am not a professional.