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TWTR Twitter: New CEO, Now What?Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Twitter Inc ( TWTR ), traded on the NYSE.
#CryptoPickk notes the following:
1) Twitter price has been falling for multiple months after the price met an all time high around $80. It has been supported in the past by a multi-year trendline (in red).
2) Based on the Fibonacci Retracement, the price bounced off of the 0.618 level around $43. Generally at this level, price tends to have a reversal so we may be able to see upside from here.
3) The RSI (relative strength index) is in the oversold territory and about to touch an area where it has reached a few times in its history. From this point, there is usually a bounce.
4) The Stochastic RSI (Stoch RSI) is in the oversold region and looks like it may be forming a double bottom before a move up.
5) The Money Flow Index (MFI) recently formed a double bottom and moving back up.
6) The MACD is still oversold.
7) The Sell Volume has been significant over the past few weeks but has been decreasing. This may show the Sellers are losing steam.
8) In the news, Jack Dorsey has decided to step down as CEO of Twitter to focus on Square Inc. He will be replaced by the current CTO, Parag Agrawal, who has been with the company for many years.
9) The price has the potential to get back to the $80 price range, which would be a 83%-84% gain. It may come with volatility.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC Daily Update 4 June 2021Based on BTC daily chart, it had stayed above the .236 fib level and also above $37k support after the Elon tweet. Volume is still not looking well as it is depleting.
If BTC is able to close a candle above this support, I expect BTC to retest $40k resistance next. Otherwise we will revisit $36k to retest this support.
Based on the stochastic RSI, it is indicating a bearish cross where this indicates a correction move is around the corner.
Elon Musk Tweets affect Bitcoin Price? Really?No!
It's the Volatility.
See where he tweeted and where Price Action moved to and where it reverted.
It's all by the numbers, baby.
Proper maths.
Standard Deviation of Returns.
See it on this chart with some of the best volatility indicators you can find right here on TradingView thanks to @balipour and his crew.
MARK Another Move Higher Or Lower?MARK made a tweet with a video on Friday all in a foreign language. Tagged Intel. No PR (yet) so is it real or is it another hype play like it's done before?
"This would obviously be big news for any company of Remark’s size. However, it’s important to remember that a deal might also correspond with a filing and/or press release. So far, since the tweet came out on at 2:53 PM on Friday, nothing new has come from the company with regard to either a PR or filing. Is this a move based on hype alone or will Remark confirm more details of this tweet?"
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
S&P Midweek Update 10/6/2020 - Trumps Tweet: Did it matter?I usually only post one trade idea a week for the S&P, but this week's trade idea produced an excellent trade that I closed it and may look for another trade setup for the second half of this week. Check it out. It was a long trade setup out of a triangle wedge.
The market today (Tuesday - 10/6) had a violent reversal after it looked like it was melting up (hence why I closed my earlier trade and took profit; I hate melt-ups). The question of whether Trump's tweet about delaying stimulus really spooked the market, or if the market was planning for a technical correction doesn't really matter to me. The timing of the tweet and the market reversal was interesting though. I look at price action alone.
Some might not believe it, but the market structure still could have some upside based on a bullish uptrend channel it has formed over the last several trading sessions and has stayed inside even after today's dump.
As I've posted before, I DO NOT try to predict what the market will do. I look for a trade setup on the sell side and a trade setup on the buy side. This way I don't let my bias interfere with what the market hands me.
Here there is a large 'No Man's area' (the channel) and I will wait patiently for price to either break out of the channel to the upside or downside. The breakout and breakdown of this channel happen to correspond to strong support and resistance (isn't it funny how these things work out - there are no coincidences in the market).
Never play the breakout. Be patient. Wait for price to return to it's breakout area, retest it, and resume up (indicated by the arrows). Patience is rewarded by this market.
Good luck.
A Trump tweet marked the ATH in SeptemberTrump perfectly called the all time high in September for NDX. His tweet about the Dow reaching 29,000 came an hour after market close. Today after close, he tweeted about the Dow rising 466 points in the session. He also tweeted "STOCK MARKET HIGHS" today before open.
Two data points do not make a solid conclusion, and Trump has tweeted about the market many times before with little result. It will be interesting to see how the market trades tomorrow. Some people may point a finger at this tweet as a catalyst if a large directional move occurs.
TWEET LINKS:
twitter.com
twitter.com
twitter.com
TESLA: Can we exploit a tweet?Tesla did a sudden retreat over a few hours. It was caused by a tweet. Unfortunately I'm not at liberty to say who made the tweet. DYOR.
The point is, if you look at the 1H chart TSLA is back on a bull run. The tweet in question was just a minor 'itch' caused by the tweet.
Sorry - I don't do predictions, so there is no advice on entry points or targets. In fact I don't deal with targets at all.
Note carefully that TSLA is a very volatile stock, especially on 1H time frame. If you take a position long on this you stand to lose money, in attempting to make money.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
E-Mini may be heading lowerI opened a couple new short positions on the E-mini this afternoon.
The E-mini has been in a channel since its initial gap down last night ... this afternoon it broke through that channel to the downside. Unlike the false break earlier to the upside, this one tried multiple times to re-enter but failed. In addition to the break below, it also came back up to re-test my resistance zone. I plan on watching this closely and riding it down to the next big support (the pin bar that started the gap). From there, if that support is broken, I will try and ride it down to my big demand zone in green.
However, the Fed will probably cut rates on Wednesday, which is why I will be watching my positions like a hawk. Or, it is entirely possible, that the Iran situation will ease between now and Wednesday as well. I am just a Tweet or 2 away from this going against me. But, I'm also just a Tweet or 2 from this hitting my second target with ease - it could go either way at this point.
Will 2940 Break for the ES mimi?Hourly Momentum is suggesting that a break is ready to happen today.
I will be looking for these indicators to turn south to prove me wrong; they are currently lined up well.
Personally, the long was 2924, and at the time of the posting it is too late to enter.
Here is some analysis on my twitter feed , and I am now updating it daily!!! twitter.com
Find out more why I am biased long but cautious in the consolidation that has ensued; and see the 5d pivot is my line in the sand.