Everything you should know about TWTR - TFtalks As WSJ reports at Oct 26th 7pm "Banks have begun funding their $13B portion of Elon Musk's $44B deal to take over Twitter (NYSE:TWTR), the WSJ reports, as a Friday deadline to complete the transaction nears. Musk sent the required borrowing notice to the banks late Tuesday, according to the report - launching a process that will result in signed contracts and the lenders depositing funds into an escrow account, likely on Thursday. Those funding notices with 3-5 days to deal closure usually go unnoticed, but as the WSJ notes, this deal has seen more drama than most."
Quite after this report, Seekingalpha published a report about, "Twitter (NYSE:TWTR) is set to be delisted from the New York Stock Exchange effective on Friday, according a delisting notice from the exchange.The delisting notice comes amid a WSJ report that banks have begun funding their $13B portion of Elon Musk's $44B deal to take over Twitter (TWTR) as a Friday deadline to complete the transaction nears. Twitter rose 1% in after hours trading."
I started to recommend TWTR since Oct17th, last Friday's Musk drama was an excellent "entry point" for this trade, there's NO WAY musk can get out of this trade!!!!
From tech analysis side, there's vol to support our theory, MONEY is HONEST and MONEY NEVER LIES!
EVEN TWTR start to delisting from NYSE since this Friday, we can still hold this and waiting for ROAR! As NYSE rules, "Companies have 10 days on the New York Stock Exchange (NYSE) to respond to a notification letter from the exchange".
Chart explain everything I wanna share.
Enjoy the pre-Halloween party!
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TWTR
Twitter ($TWTR) Can Rise Much Higher, Wait For A BreakoutTraders and Investors, Twitter currently is at an important structure zone. If that zone is broken and confirmed, it can rise much higher to the targets shown in the chart.
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Sell the early optimism in Twitter.Twitter - 30d expiry - We look to Sell at 51.88 (stop at 55.11)
We are trading at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
This is curremtly an actively traded stock.
In our opinion this stock is overvalued.
The previous swing high is located at 54.50.
A higher correction is expected.
Our profit targets will be 44.55 and 42.55
Resistance: 52.00 / 54.50 / 56.00
Support: 50.00 / 48.00 / 45.00
Daily chart
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TWITTER - Short position - Overbought at the resistanceLooking at Twitter the chart shows that it´s overbought and is likely to go down.
Following the Bollinger Bands we see the price has touched and moved out of the upper band. Following the RSI 14 we see that the RSI went above 70. So both indicators are indicating a move to the downside.
According to the earning announcement we expect it will be towards the downside as well.
Targets and further details are shown in the chart.
Good luck!
TWTR Twitter Buyout PriceIf you haven`t considered to buy an Option Strangle in order to profit from both up and down movements of the stock, when i wrote about this opportunity:
or previously, when Elon Musk took a 9.2% stake in Twitter:
Then you should know that he agreed to his original buyout proposal to Twitter amid litigation in chancery courts.
There is still 5% upside from the price today to the buyout price agreed.
Looking forward to read your opinion about it.
TWTR Twitter: Big Drop Coming?Today you can review the technical analysis idea on a 1W linear scale chart for Twitter (TWTR).
In the excitement of Elon Musk restarting talks about purchasing Twitter, the stock had a very strong rally. However the weekly chart shows a concern for the future of the stock price. The price has been in a Symmetrical Triangle and has the potential to break above or below it. Since the RSI is almost at overbought, there is a strong chance the price will come back down. Furthermore, weekly Volume is not that strong even with the price rally as shown in the chart. I placed Fibonacci Retracement from the last low in 2016 to the ATH in 2021 with the potential for this stock to come down to the 0.382 or 0.236 before falling lower to the Symmetrical Triangle measured move of $15-$17. Lastly, a death cross (50 SMA crossing 200 SMA) occurred, which is a bearish signal. If the price moves higher, it has a chance to reach the $75-$77 range.
This is a weekly chart so please be patient.
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! #millionaireeconomics
TWITTER Ignore the HYPE! The real test is this level!Twitter (TWTR) is rising aggressively today following the Elon Musk news. If you filter out this noise you will see that the price approached the Lower Highs trend-line that first stared on the February 25 2021 market top. This has so far two clear rejections and if the stock doesn't close above it soon, we could get our third one. The RSI is above the overbought 70.000 level and every time it did so in the past 1.5 year, a sell-off followed.
As you see, we could be having a Channel Up emerging on the shorter term. We can follow this and purse the Fibonacci retracement levels as targets if we break above the 0.382 Fib.
This chart shows you that, even though the hype is great and can create more than +10% rises intra-day, the market has still learned to respect long-term trend-lines.
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TWTR: Most important key points to keep in mind!• It seems TWTR is inside an Ascending Triangle chart pattern, between the purple trend line which connects the previous bottoms since July 12, and the black line at $44.57 which worked as support/resistance multiple times in the past;
• To whatever side TWTR breaks, it’ll probably do a strong movement in sequence;
• By doing an upwards breakout, the target would be the next resistance at $51.19. By losing the trend line, the next support at $38.07 would be the next stop;
• What could frustrate this pattern? Usually, triangles are frustrated when we see sideways breakout, as this ruins any future momentum. Therefore, it is important to see a reaction on TWTR as soon as possible.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
TWTR Musk Walks Out On $44 Billion BuyoutWhat i really believe is happening is Elon Musk wants a better price for Twitter, in the $44-45 area instead of the initial $54.50.
And he will get it. The earnings won`t be strong, we could even see revisions.
My buy area is between $31 and $34 and the buyout price $44.
i think you can win both ways if you play an option strangle with 6 months expiration date.
Looking forward to read your opinion about it.
TWTR ma ribbon & cloud support; big move coming if BO downtrendTWTR is currently at a very important junction. There is the cloud & a convergence of moving averages giving strong support.
Moving averages ma50 x 150x 200 x100 with price holding ma50 in the last few days. If you draw a downtrend line from recent tops, price is crawling exactly on the line
trying to breakout.
Price may still consolidate & further constrict the Bollinger Band before BO.
not trading advice
How will TWTR’s price react to court saga?Twitter Inc . (NYSE: TWTR ) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.
The company closed Aug. 30 just below $40.00. Over the last 30 days, the company peaked at $44.99, much lower than Musk's $54.20 per-share offer.
Amid the ongoing takeover debacle, shares of the company have taken a beating and investors are watching for buying or selling opportunities with Twitter's shares ahead of the Oct. 17 court hearing that will determine whether Musk is forced to proceed with the acquisition.
Impact of the proposal
Tesla's (NASDAQ: TSLA ) chief executive agreed to acquire Twitter in April, with shares trading back then at a roughly 10% discount to the offer price.
In May, Musk put the deal on temporary hold, raising concerns over spam accounts on the platform that he said were not accounted for in the computation of the buyout bid.
When the billionaire formally terminated the agreement in July, it sent Twitter's shares further down, with stocks tumbling to a four-month low on July 11.
Since then, TWTR has found buying support, maybe because investors believe that Musk cannot legally pull out of his market altering, unsolicited, an unconditional bid for twitter . Even so, downward pressure is building on twitters share price as the court case develops. As of writing, TWTR has retracing to the 50% level between its July low to its August high.
On Aug. 26, Deleware judge Kathaleen McCormick ordered Twitter to provide Musk with more data on how it calculates bot and fake accounts on its platform in the lead up to the Oct. 17 court hearing. McCormick mandated the company to produce information regarding 9,000 accounts it analyzed for authenticity as part of an audit at the end of 2021, London's Financial Times reported.
The data could strengthen Musk's claims and deal another blow to the social media company, especially after its former head of security, Peiter Zatko, claimed that he raised concerns about severe shortcomings in Twitter's handling of users' personal data, including running out-of-date software. Bloomberg reported, citing Zatko, that company executives also withheld information about breaches and lack of protections for user data.
Only loss in sight?
For Twitter , the deal has already incurred $33 million in expenses and the uncertainties arising from the court drama had caused a decline in its revenue. And even if it did see the deal push through, it will be left in a worse position than before the offer was made, Further, the entire saga has taken a toll on employee morale and retention on the social media platform.
Meanwhile, similar damage could be brought upon Tesla . The automotive company's shares, which Musk was using to support his buyout bid, have halved between early April at the onset of the deal and in late May at the start of Musk's attempts to pull out. Although the shares have started showing signs of recovery, Musk and his shareholders would have significantly overpaid for Twitter based on its current market value.
Right now, everyone is just waiting for the October court decision that will determine whether the companies will deal with the aftermath together or separately.
BUY TWITTERJust an idea and trade at your own risk.
TWTR is still in its uptrend channel and double retested the demand (support) zone and forming a double bottom pattern.
Next targets to area 50 and after breaking and closing weekly above the double bottom neckline at area 52,
will confirm its bullishness movement to the upper channel of the uptrend at area 85 as long term target.
TSLA breakdown Ascending Channel NASDAQ:TSLA
TSLA is now retesting a breakdown below an ascending channel
I intend to short this with the bear ETF TSL for a 1.5X leverage
that way I can buy several shares and tier out of the position sequentially on progress
Once a downtrend becomes established a pull option for a few weeks expiration.
( always watching the TWTR saga and also any signs of upward price action
for EV stocks due to the supportive legislation in DC)
TWTR UP 14% after bullish signal - Ready for more 🚀TWTR dumped 13.62% (purple price range) after the bearish Supertrend Ninja signal (red vertical line on the background). Then the price pumped 14.61% (green price range) after the bull Supertrend Ninja - Clean signals (green vertical line on the background). TWTR is forming Leg C with a possible bull run to around to 70 USD (1.618) or 55 USD (1.0). Which is about 82% (orange price range) possible gain.
TWTR is about to break out of the Ichimoku Cloud , which is considered bullish . The RSI is starting to warm up for a bullrun at 71. RSI Brown at 103. If we take a look at the Average Directional Index ( ADX DI) its in the bullish zone, and pointing upwards. Currently TWTR is above its Upper Bollinger Band , Band Basis 20 Period SMA . And above the LSMA as well. A bullish trend is likely to happen.
Price and the RSI are still forming a higher low. Which is a bullish sign as well. Let the GAINS begin !!
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
TWTR UPTRENDING DESPITE EARININGSNYSE:TWTR
has been running for 4 weeks with a RSI now over 80%
By comparison, META is sideways.
Musk just liquidated $6B in TSLA to fund a contingency
in case the court forces the contract to purchase at $54.20
www.cnbc.com
This may cause buying pressure at the present price
far below the contract price. Potentially a short
squeeze could augment the price action.
This may be a good time for a long entry on TWTR.
TWTR ( Corrective wave x Reverse Head n Shoulders?)Looks like we located a potential market anomaly on the daily timeframe (bearish candle, bullish volume . There seems to be a reversal head n shoulders setting up here. Furthermore, this also looks like an "abc" corrective wave. The anomaly was located on todays daily candle close we have been down trending since April. Seeing how we just had a 1-5 wave structure, we may be ready for correction before price decides to retrace the highs. We have our stop loss set at 10%. Looking for price to test the low or surpass the low of wave 5 between 38% to 61%. The RSI and MACD are both matching the top side. Happy trading! Not advice. Only an idea.