💎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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Twittershort
Twitter investors outragedHello, Traders!
Monfex is at your service and today we overview Twitter.
Twitter reported revenue and profit in the third quarter below forecasts, explaining this by problems with advertising, as well as unusually low demand during the summer.
TWTR in a little descending channel and a large gap of -10%+ that has a pattern of fill, so we can expect some rise to $37.5 in long-term.
The local resistance zone ~ $34.5
The local support zone and a Key buy level ~ $26.7
Market Cap
24.422B
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Twitter SHORT like Forecasted YesterdayTwitter has disappointed and is falling in a big hole.
But in my oppionion such a drop doesnt come out of the
Nirwana.
As the Long trendline has been broken in September
and trading below major support these stock has been
ready for that fall.
In my eyes, the chart tells us all and here the buyers have
been gone away from that stock since weeks.
Thats a sign of no confidence nad the reality comes
now.
We have to wait how far it goes for a further analysis.
DONT !! catch in a falling knife (you know...)
Good trades
Good trades
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and if you want to know more about my trading style
please send my a boardmail.
Renkotrade
TWTR Twitter SHORT but Datas to come Whatch the trendlineHello to all watching my charts.
Here in a daily Timeframe my view of twitter before
earinings.
Of course somebody will tell:
Wait untill earings to forecast but i think its interesting to have a
view on Twitter before !
and only in a technical view
Than we are able after the earings to confirm the technical
view or to change them cause of big buy volumes
for example,
cause ist eays to see that Twitter is in a short mode
at the moment broke support and broke trendline.
My channelsystem tells me short.
Lets have a look again tomorrow to see whether
i am right or not.
Good trades
If you want to know more about my trading style
please send my a boardmail.
Renkotrade
TWTR to reestablish lowsVery large head and shoulders finishing out the right shoulder(s) now. Attempt to reclaim the yearly pivot zone (Pink) failed providing very bearish price action in chich the pivot was gapped below, and failed a retest. So far TWTR has also been rejected by it's maco supply & demand channel. the Head and shoulders price target is well below the next yearly support zone, and therefore I have chosen that zone as my exit. I expect a fair amount of meandering so I set my expiration date for January 2020, when a new set of yearly pivots is generated. my stop is a daily close above the previous swing high.
Position taken:
Long Put TWTR $18 Strike 01/17/2020 Expy.
Denoted by the Red and Blue circle
Twitter Back at Final Resistance LevelTwitter stock started to surge to the topside of the channel on October 25th. Where the company announced earnings significantly higher than the market estimates (Tradingview estimates shows Q3 earning at 3476.56% surprise...). Now price is testing final resistance level of the bearish trend. A pullback in the market specifically the Nasdaq could preasure a reversal.
Trade Step-ups:
Bearish Reversal: Price rejects a break higher from the trend. Look for a move to fill in the gap on October 25th. Profit levels to look for are 30.00 & 28.00 respectively.
Bullish Breakout: Price breaks current bearish trend channel, look for consolidation above 35.00.
TWTR - Twitter is stretched, but bulls are below.Now that price failed the second time at the U-MLH, the rules tell me that there's a very high chance to shoot ...oh sorry...to short Tweety §8-)
Target would be at least the Centerline (as explained in my free course material - see footer).
Be aware that earnings are ahead next month!
P!