TWTR trade ideas
Twitter Time to Short and Hold Crash Ahead ?Company Details
Full Name Twitter, Inc.
Country United States
Employees 5,200
CEO Jack Dorsey
Stock Information
Ticker Symbol TWTR
Stock Exchange New York Stock Exchange
Sector Communication Services
Industry Internet Content & Information
Unique Identifier NYSE: TWTR
IPO Date November 7, 2013
Description
Twitter operates as a platform for public self-expression and conversation in real time United States and internationally. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers a set of tools and public application programming interfaces for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content. Further, it provides subscription access to its public data feed for data partners. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.
The IPO opening print also marks the 50% retracement of the downtrend into 2016, highlighting the need for skeptical buyers to come off the sidelines here and lift the stock into the $50s. The uptick has just eased into a trading range that acknowledges resistance, so a positive catalyst may be needed to trigger a breakout. That could be a tall order in the fourth quarter, given the extraordinary challenges. As a result, there isn't much to do except to wait and watch price action in coming weeks.
The Bottom Line
Twitter stock has returned to seven-year resistance and still give no clear break out above the IPO 50% Retrace Level, Ahead elections Covid-19 $ Crash may lead s&p500 and major stock market to down side,
we can expect a twitter crash or Correction to down side soon!
Best Regards:
RideTheMacro
Will TWTR break out after earnings, or repeat historic patterns?TWTR has only been a publicly traded company since 2014, so you may take this with a grain of salt but I trade mostly on longer term historic patterns. TWTR seems to be at a historic resistance price, so I have taken on a small 3-month Exp. Call Credit Spread (which is a Bearish position if you are not familiar with Options).
At this price range, this could be a breakout point, or the pattern could repeat. Take into consideration that TWTR will be announcing earnings October 22nd. A Straddle position could also be a viable option here because of that fact.
With TWTR having such limited history, my overall bias is neutral but holding a small bearish position based on past patterns. If Earnings is positive, I will remove myself from that position and hold off to reevaluate.
I hope someone finds this helpful. Best of luck.