Twitterlong
A retracement in Twitter is an opportunityTwitter's earnings came in below consensus forecast which saw a 15% drop in the share price. Its a stock that has had a disappointing long term performance with a history of upsets in its results. The question is do we buy it at the current price or should we expect further downside?
Trading signal
The signals suggest that Twitter is oversold. It should start to appreciate in price over the coming week. The fall in price is also at the support's trend line. Even if it breaks lower, at these levels its a great opportunity.
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TWITTER SET TO MOVE BIGIPO investors have long felt the pain of this stock. The hype surrounding this stock was real but the bulls quickly lost control. 7 years later and Twitter still has not rewarded those initial investors, that will change soon and here is my case.
We see something that resembles an ADAM AND EVE BOTTOM which formed between 2016 to mid 2017. The volume profile shows those levels had the largest amount of trading action.
Following a failed breakout in June 2019 and Sept 2019 Twitter too felt the pain from the March 2020 COVID-Panic. The price found support precisely at the top of the ADAM AND EVE. The bears couldn't drop the price any lower as the bulls came stampeding back. The telling part of this move was that the drop was not able to penetrate the section of the volume profile with the most action. This gives me confirmation that the bottom is in. The velocity of this bounce looks serious and a large move in imminent.
In the early twitter price action we see a large gap that is almost hidden. This gap coincides almost perfectly with the 1.618 fib extension. The volume profile shows the resistance is getting weaker the higher the price goes.
Twitter experienced a massive hack with some of the biggest accounts getting hacked including a former President!. The price neve flinched.
Not only is my SHORT TERM TARGET $64, but my long term outlook on this stock is ultra promising. I think a lot of big tech will see some serious stumbles and Twitter is in shape to start a bullish market cycle. Where will the fleeing money of AAPL go?
We will be hearing a great deal about Twitter in the coming days as Jack Dorsey being pressured to testify. While you would think this would have a negative effect on the price, I believe the chart is looking for any excuse to break higher to the upside. We just saw a miss on earnings but the price went up because "analysts" liked the growth in users.
When a chart is ready to move, even something seemingly negative can give the spark needed to take it to an inevitable direction. The "analysts" will feed the public a narrative of why it happened but as the influential investor Bernard Baruch said "Show me the chart and I will tell you the news"
If this analysis was interesting please give me a like an a follow. Also, please look at the related links for the similarities of the early Facebook breakout with where twitter currently sits.
Regards
Twitter Ban over?Since the ban on Trump and many other people/organizations, Twitter has been an underperformer. There are a lot of reasons why investors would be hesitant given the uncertainty of potential regulation but from a technical standpoint, the stock seems poised for a mover higher. If twitter can clear the down trendline and hold range low levels at 44.00, the stock could reverse the recent down move and head back toward the 53.00 area.
Twitter looks strong for 2021We believe Twitter is a great investment for 2021. President Biden and the blue wave could be massively advantageous for the platform. Twitter is increasingly becoming a popular platform for accessing real-time information. The stock on the other hand has not seen much love since the initial IPO. Twitter IPO'd at a price of $26 and traded for the first time on Nov 7, 2013. That same day, Twitter ran to $44.94, an increase of 72.84%. Since then, Twitter has been going through a large consolidation period which we believe will end in a large move to the upside.
Today, Twitter's market cap sits at $38 billion. That is less than 5% of Facebook's total market cap of $762 billion... wowza!
In term's of technical analysis, we believe Twitter will retest the orange uptrend line for an upside of 40% from today's close. That is when we will realize some profits. If a dip is to occur, we shall see it as an opportunity to accumulate. Until then, we will ride the wave to the upside.
- HH
* Please invest at your own risk. We are just sharing an opportunity we see, this is not financial advice.
Update on Twitter: Scratch the bullish flagThe potential bullish flag is no longer on the table. On Friday the bears managed to slip the price further down with bulls buying the dip in the last moment. Currently the price has stalled on the support of the rising channel and a move bellow that line will confirm that the price may go lower towards the $45 price zone.
Twitter [TWTR] breaking through a 6 year trendline Twitter has recently broken through the 6-year trendline as seen in the chart. This week it has successfully retested the trendline as support as well.
The Twitter train is about to get wings and fly upwards.
Target 1 would be 50
Target 2 would be 53.48
I believe the move up will start next week.
This is not financial advice, do your own research.
TWITTER LOOKING IDENTICAL TO EARLY FACEBOOK CYCLELooking at this chart we can see the astonishing resemblance between the first mini Facebook cycle with the entirety of Twitters price action. Facebook's early cycle showed us a break out from a reverse head and shoulders and the Twitter setup is very similar The osculation in the price action is eerily similar and circled in matching colors for comparison. I have long thought Twitter was undervalued (relative to current stock market valuations). The largest social media breach in history (fake BTC scam) did nothing to the price of Twitter. To me this signals a solid foundation. Besides, it is one of the most used social media platforms globally and its stock has yet to show IPO investors any gains. They are coming.
I do not have a Twitter account because I believe it is the most toxic of the social media. Is it that far fetched to believe Twitter will thrive in financial crisis and global unrest? A toxic world seems like ideal conditions for a toxic Twitter to blossom. Also, many big tech stocks look like they are going to see serious pain ahead (see related ideas) and Twitter seems right up the alley of tech investors to jump ship to.
Twitter is poised for a breakout and looks like an excellent options play upon confirmation.
Twitter longHere is an easy ta for Twitter long:
TWTR is is oversold and trend looks like want change. So here we are in same position like with roku- try to trade breakout.
Indicators:
RSI: Oversold, volume is coming back, bullish signal
MACD: Crossing, tendency bullish signal
Fiboncacci Retracement: Two supports, 50 % and 38 % (resistance was broken working now as support)
200 day SMA:is above, bullish signal
50 day SMA: close to, no signal
Volume: Is rising,bullish signal
Candlestick: shows short up-trend, bullish signal
I want to show you a trade for long position to ATH
Around next resistance at 35 $ mark you could take first profit.
Good luck for your trading :)
Twitter ScallopAn inverted ascending scallop has formed on the 4H chart for twitter, this provides a nice double bottom formation once complete, and potential long entry point along the falling wedge downtrend line. Weak regression trend is present, normally should only include these if they are strong regression trends however it suited well in this situation.
Twitter looks good long term investment $60 targetTwitter, becoming a leader in World News, Sports, Gossip, Entertainment, Politics... This virus is pushing everyone searching for answers from
-death, school shutdown, forced curfew, hospital updates, and more. I have a $60 Target based on the AD , this is a long term hold me off of C wave, where I'm looking to buy the dip
💎TWITTER-Success closed the previous idea and open the new one!Hello everybody! 🧑🏻🚀My last recommendation has brought HUUUGE profit (28%) on NYSE:TWTR and now I open the new one on this share.
Summary:
1. One more GAP on the TWITTER.
2. The GAP on this share always close.
3. You can set limit BUY order near the last gap and waiting for the new wave UP.
Link to my last IDEA about TWITTER
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😎 Here just clear and accurate ideas🎯! Max profit idea in crypto - 20%(BTC), Max profit in stock - 40%. Total profit more 300%. Trade my own funds. Consult privately🎩. Link to table with summary results: clck.ru
DASHUSDT LONG - 158$ with higher projections Hello everyone,
key level for Dash here - volatility incoming.
Bias is long due to the strong trend in the last two weeks and heavy accumulation. Very similar to Monero but with a better chart pattern at the moment :)
The Risk-Reward is set for the pattern Take Profit (TP) but if we project using the Fibonacci tool we could end up at 300$!
At the same time, descending triangle with support coming around 100$ is definitely weak as we see the bounces becoming increasingly smaller.
Both arguments are valid from a technical analysis perspective. Which trade are you going to put though?
Watching with a pending put at 104$ - prefer the long bias. Let's see how this plays out.
Take care,
Vlad The Crypto Trader