TWTR Musk Walks Out On $44 Billion BuyoutWhat i really believe is happening is Elon Musk wants a better price for Twitter, in the $44-45 area instead of the initial $54.50.
And he will get it. The earnings won`t be strong, we could even see revisions.
My buy area is between $31 and $34 and the buyout price $44.
i think you can win both ways if you play an option strangle with 6 months expiration date.
Looking forward to read your opinion about it.
TWTR trade ideas
TWTRCurrently testing the weekly supply zone on heavy volume. Just below the open price on IPO day as well (black dotted line). In a small starter put position in case this thing wants to get crazy over the weekend. Will look to add next week if it holds. Basically $1 risk for a minimum of $4-5 (gap fill) reward imo.
TWTR ma ribbon & cloud support; big move coming if BO downtrendTWTR is currently at a very important junction. There is the cloud & a convergence of moving averages giving strong support.
Moving averages ma50 x 150x 200 x100 with price holding ma50 in the last few days. If you draw a downtrend line from recent tops, price is crawling exactly on the line
trying to breakout.
Price may still consolidate & further constrict the Bollinger Band before BO.
not trading advice
Twitter/USD Daily DiamondMonthly is basically a gigantic triangle, zoom into the weekly and we have a fresh TTM Squeeze that is forming, to no surprise of a triangle, but upon further inspection it formed a diamond much clearer on the daily and I have measured out the potential moves. This does not have much time left if you gonna trade this, pray you got the right direction. The only thing towards the upside is the current histogram of the TTM Curling to the upside besides that, wish you the best of luck.
TWTR 3/15/22
TWTR hasn’t been the same since Trump left office
TWTR had a good 2020. Started its uptrend July 2020 watching price go up from 32 and topping out at 80 Feb.’21.
Price came crashing down, bounced off 200 ema and found resistance at 72.
Price continued to move sideways until it lost support of 200 ema on Oct.27, 2021.
Shortly after we had a death cross of 200 and 50 ema signaling the bearish conditions
Price went on to start downtrend respecting 20ema.
Price then fell all the way down to 32 which was previous resistance.
Price attempted to bounce but has continued to make lower highs into support on each attempted bounce.
Price now finds itself in a descending triangle into support while in existing downtrend.
Price is at resistance level of triangle, an area of value. This is my que to enter trade.
Entering trade short.
Entry: 33.96
Stop loss: 35.25
Target: 26.25- +22.75%, 5.15 RR ratio
TWTR AnalysisPrice did not play out as analyzed the previous weeks. I was expecting price to go down, but it went up to fill the fair value gap at 41.94. Right now, I'm expecting price to fill the fair value gap at 34.80. We could potentially see a slight up move to mitigate the bearish POI at 43.64 before going lower.
How will TWTR’s price react to court saga?Twitter Inc . (NYSE: TWTR ) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.
The company closed Aug. 30 just below $40.00. Over the last 30 days, the company peaked at $44.99, much lower than Musk's $54.20 per-share offer.
Amid the ongoing takeover debacle, shares of the company have taken a beating and investors are watching for buying or selling opportunities with Twitter's shares ahead of the Oct. 17 court hearing that will determine whether Musk is forced to proceed with the acquisition.
Impact of the proposal
Tesla's (NASDAQ: TSLA ) chief executive agreed to acquire Twitter in April, with shares trading back then at a roughly 10% discount to the offer price.
In May, Musk put the deal on temporary hold, raising concerns over spam accounts on the platform that he said were not accounted for in the computation of the buyout bid.
When the billionaire formally terminated the agreement in July, it sent Twitter's shares further down, with stocks tumbling to a four-month low on July 11.
Since then, TWTR has found buying support, maybe because investors believe that Musk cannot legally pull out of his market altering, unsolicited, an unconditional bid for twitter . Even so, downward pressure is building on twitters share price as the court case develops. As of writing, TWTR has retracing to the 50% level between its July low to its August high.
On Aug. 26, Deleware judge Kathaleen McCormick ordered Twitter to provide Musk with more data on how it calculates bot and fake accounts on its platform in the lead up to the Oct. 17 court hearing. McCormick mandated the company to produce information regarding 9,000 accounts it analyzed for authenticity as part of an audit at the end of 2021, London's Financial Times reported.
The data could strengthen Musk's claims and deal another blow to the social media company, especially after its former head of security, Peiter Zatko, claimed that he raised concerns about severe shortcomings in Twitter's handling of users' personal data, including running out-of-date software. Bloomberg reported, citing Zatko, that company executives also withheld information about breaches and lack of protections for user data.
Only loss in sight?
For Twitter , the deal has already incurred $33 million in expenses and the uncertainties arising from the court drama had caused a decline in its revenue. And even if it did see the deal push through, it will be left in a worse position than before the offer was made, Further, the entire saga has taken a toll on employee morale and retention on the social media platform.
Meanwhile, similar damage could be brought upon Tesla . The automotive company's shares, which Musk was using to support his buyout bid, have halved between early April at the onset of the deal and in late May at the start of Musk's attempts to pull out. Although the shares have started showing signs of recovery, Musk and his shareholders would have significantly overpaid for Twitter based on its current market value.
Right now, everyone is just waiting for the October court decision that will determine whether the companies will deal with the aftermath together or separately.
$TWTR (Twiter) - Elon bought, Elon unbought ... because of the bNo.
haha. Plain and simple
Plain and simple haha.
Twitter's price behavior is a prime example of why I trust so dearly in the charts, regardless of the noise around the stock, the fundamentals, the macroeconomic context.
I don 't know if the price is respecting the trendlines so neatly because of a market manipulation campaign (as defined by Wyckhoff), because of a hidden agenda from Elong to accumulate positions at cheaper prices (this thesis is appealing). I don´t know, I don´t care.
What do I care about then? Why do I deem this price behavior as an exquisite example of the foundations of our work?
Because, if you master how to read them, the charts show when Elon (or whoever with deep pockets) buys and that's without reading one single newspaper line.
Most importantly, the charts show the relative significance of Elon's decisions, or in other words, whether it is a good idea or not, probabilistically wise, for you to buy regardless of Elon's decisions.
Moreovers, the charts allow you to quantify and value these events in relative terms. The charts allow you to develop an edge and a system that will dictate if you ought to take part or not. I love the charts haha.
Back in April, when I first wrote about Twitter, I was still looking for a systematic approach to convey my ideas (still on it, perhaps will always be), however, back then, the charts were already telling me not to be overenthusiastic about Elon's purchase and the news. At least not yet.
Why? In short, because there was a trendline between Elon's purchase and a smooth uptrend in Twitter's value.
Or, if you prefer, price action was telling me that before the price could move up, there were still one or two important batches of bears than needed to step away from this market.
Back then I drew this trend line and outlined the path with the yellow pointy arrow as a possible path of few resistance.
In case it is not yet clear which point I'm trying to come across with, I'll reinstate it: the charts speak louder than CNN or CNBC in case you master how to read them.
BUY TWITTERJust an idea and trade at your own risk.
TWTR is still in its uptrend channel and double retested the demand (support) zone and forming a double bottom pattern.
Next targets to area 50 and after breaking and closing weekly above the double bottom neckline at area 52,
will confirm its bullishness movement to the upper channel of the uptrend at area 85 as long term target.