TWTR trade ideas
TWTR 1 hour - support and resistanceTWTR is in the news again and people are responding. So far they aren't happy.
Watching for PUTS at market open. Normally I enter around 945-10 EST, let things settle for a bit before taking an option contract in the morning. I will be monitoring volume to see what direction we want to go but I am fairly confident I will be taking puts.
Update on Twitter: Scratch the bullish flagThe potential bullish flag is no longer on the table. On Friday the bears managed to slip the price further down with bulls buying the dip in the last moment. Currently the price has stalled on the support of the rising channel and a move bellow that line will confirm that the price may go lower towards the $45 price zone.
Buy opportunity for Twitter $TWTR ?Looks like NYSE:TWTR is going to test support on its 50 day MA, this area; depending on the volume activity, could be a good buy signal. As far a can see the stock is in a very good uptrend, it broke its resistance in the $48 zone, five years in the making. So the longer the base, the greater the breakout. I hope this is the case for NYSE:TWTR . If you are more cautious the best buy zone is when breaks out its last high in $56.
Twitter signaling a correction, BUT!The bullish flag for now is ruined as we have turned South in the previous trading session. The support of the potential figure was breached and we closed below it. Currently we are in a fractal support of the uptrend - that's the BUT! part. Because RSI and MACD's crossover and histogram are signaling that we may head for a correction and that it's appropriate to take short positions. Breach of the current support will be the additional indicator to start selling.
$TWTR somethings got to give soon!$TWTR has had a very choppy last 13 days of trading forming what is hopefully a very nice bull flag. It is creeping to its previous resistance new support at $53, which also happens to be where the 20ema is hanging out! I expect a lot of buying to come in at this level and hope to see a very strong move on this in the next few days/ weeks. Will see how price responds when testing that level, very likely to happen tomorrow if it doesn’t just gap up at open.
TWITTERThese are my thoughts on BTC . They are meant to give you an idea, not trading advice.
RSI look strong.
Broke strong resistance.
Twitter running for a new ATH.
After this there's a clear blue sky, which can result in extreme upwards power.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
Twitter can go both ways, with wild 2020 momo I see more upsideTwitter has been creating higher lows at a healthy pace. It closed over an april 2015 high recently & is flagging but can go both ways. The question is, which way will it go? If momo carries it can gap up to highs not seen since 2014 at $70. Considering we're coming off of a wild 2020, I see more upside than down.
PT of 65 by March 2021
Twitter / Important Levels and ForecastGood morning traders, welcome to the last day of this 2020. Today, we bring you a stock that we consider to have great upside potential if certain conditions are met.
🔸Well, the first thing to detail is that we can see that from historical highs to the current moment, the price has a parable behavior, where a downtrend is generated, then the price finds a bottom, and the subsequent recovery begins.
🔸Theoretically, this movement leads us to see the price in the historical highs again in the short term.
What should we expect in the short term?
🔸At this moment, the price is facing a strong resistance zone. So first of all, we need this zone to be penetrated to the upside.
🔸Once this happens, two scenarios can occur. First, that the price generates a retest to the broken zone and then continues the upward movement, and the other option is that it is a direct movement towards highs.
🔸What we will necessarily wait for is that correction and retesting to the broken zone, to have a good risk-benefit ratio, and a safe place to position the stop loss.
Twitter looking at a 1-3 months downtrendI am expecting TWTR to follow a downtrend for the foreseeable future. Going short on a 1-3 months basis.
- Approaching its upper trendline
- Crossed down its MA 10 and on its way to cross down MA 30
- RSI > 80, we are a looking at an largely overbought stock
- MACD bearish crossover
Critics and feedback are welcome :)