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TWTR due for correction!!!TWTR nearly approached oversold territory. After the news of Elon Musk considering purchasing more shares of the company following such negative news of a potential hostile take over by his most recent offer. This all caused the company to implement a "poison pill" to prevent a hostile takeover. Which is brilliant. This however will not be enough to keep the ticker running hard on tax day. Tax day historically is a red day. It will take a major catalyst to cause TWTR to continue this run it has. I evaluated the day chart in this example looking over a few puts I played last week for a swing. All of the indicators such as the MAC D, The studies used in this study are Chandelier Exit Strategy, Moving Average Convergence Divergence, Moving Averages(2) , and the Relative Strength Index with SMA. My projection is TWTR open on the down trend in the morning if this chart pattern continues. If the 50 day average crosses over the 200 day moving average TWTR will be bullish again. I am bearish because I believe twitter will sink back to the 30's soon. On the flip side, TWTR can form a cup and handle chart pattern which can only happen after a correction happens, and the ticker go back to the $50's, yet I believe the momentum will die down on day trades on TWTR. **This is not financial advise but only a personal observation for my play.
NYSE:TWTRShort
by rogers1906
1
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NASDAQ:AAPL
by maamazawil
2
Head and Shoulders for FSLY????WOW!!! This could be developing a MASSIVE head and shoulders that if played out would drop the stock to ~$35. Anyone long this should take notice of the ~$75 support line. Luckily FSLY still has a major gap to fill back up to ~$105. I anticipate this to play out over the next week if the market stays strong. AAPL and TESLA having their split should cause another ridiculous melt up of the market carrying everything to the moon. Any longs should hope for consolidation around the $95 to $105 level to break this potential head and shoulders.
NYSE:FSLY
by ncontelmo
👀 Huobi Token - Head and Shoulders?Hi everyone, Thanks for following Huobi on TradingView. Right now HT looks a bit oversold but so does the majority of the market. Is this a buying opportunity? MACD looks a bit sluggish but could flip at any time. Let's see how this plays out next week. Upcoming events for HT holders: 1. HT Monthly Burn 2.HT lotto was announced yesterday where you share in AAC rewards just by holding HT Stay tuned for more to come! Risk Reminder: 1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions. 2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
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by HuobiGlobal
1