TWTR - bull flagTWTR has been relatively unscathed in the general market sell off the past week. Instead of steep pullback experienced by other stocks, it formed a bullish flag instead. I am still in this trade and waiting patiently for the next up leg.
Stop Loss just below the 50% retracement @ 51.20
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
TWTR trade ideas
TWTR looking to fill the gapNYSE:TWTR do not sleep on this. Lift off soon. JAN 15 $45 calls will be hot in a couple of week. Grab them now
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$TWTR Bulls Need to break major Pivot at $53 in Twitter
TWTR channel remains well respected , having held under back-test on Friday.
The 7ma may need to catch up for the stock to make its next move higher.
Volume remains impressive.
$53.00 is key Yearly candle Pivot point from 2015 to break.
$56.00 is next target.
$62-64 is of huge importance
Bullish TWTR still cheap, Compared to all the New Shiny UnicornsTWTR has been slow and steady in raising with improved business metrics. It has made an upside move similar to the previous one, however giving its monopoly position (real news in real-time), I would be interested in buying the stock in a pullback to 48.78 a likely small retracment.
For the moment, ATM PCS is a way to go or unbalanced put fly centered around 48. If long already, one can sell call premiums as we approach the top of the previous symmetrical move.
TWTR over 53.89 (Multi-year breakout)Shown here on the monthly view, TWTR is working on a huge breakout. From a fundamental perspective I believe its waiting on news regarding either: 1. Subscription or recurring revenue business model 2. Leadership particularly Jack Dorsey the CEO. I like Jack but he splits his time between $TWTR and $SQ. You have to wonder how this company would be run with a full-time CEO. There have been rumblings about a shift so we'll see what the new year brings. I will be taking a long position with enough time ahead of the news but a breakout over this monthly resistance should yield a big move.
TWTR Long, Demand ZoneIn Uptrend Channel
Earning 10/30, Gap down
Touched support trendline.
Previous Resistance became support
Demand Zone Confirmation
entry 41
stop 38
target 51
Reward:Risk =3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
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