TWTR ShortSHORT Stock $TWTR because of 50% Fibonacci level on the daily/Weekly, channel resistance , and also I will be looking for the huge gap to fill. I will not be surprised if this continues up, and if so, I will be looking for the 61.8 Level and/or near a whole number for a potential reversal.
TWTR
TWTR: Go long with a wide stopWe can take a long position in TWTR here, we're long and looking to ride the upcoming uptrend leg.
Check out related ideas for the previous trade opportunity in TWTR.
It's a very strongly accumulated stock, this is just the beginning of the uptrend in it.
Good luck,
Ivan Labrie.
Twitter Inc Is Not Dead YetShares of San-Francisco, California-based Twitter Inc have tanked nearly 14% from the highs recorded a week ago. Reportedly, a buyout is off the table for now, the primary reason for the sharp correction. What's scary for investors is that this has become a recurring trend, with the stock running up and subsequently losing nearly 14% twice since August. And with analysts predicting a further 8% fall from its last closing price, Twitter is best avoided in the short term. But Twitter Inc is not dead yet . The growing promise of live streaming, improving free cash flows, and a host of other recent moves make Twitter a stock to watch over the next 6 months.
Say TWhat? TWenty-Five Percent on TWitter? $TWTR The longer term trendline that match the 200 day moving average has been broken and backtested. This also matches the 62/38 Fib retracement of a recent bull pole, and my target is just under the first Fib extension. Additional support from smaller averages and horizontal levels. Keep an eye on that MACD trendline
APPLE: EARNINGS PREVIEW - LOW BAR; 1.38EPS & REVENUE $42.34BNApple earnings to be released after market today
Expectations:
1. 1.39EPS and $42.31bn Revenue
- I personally have been an Apple bull for some time - I believe the bar for apple has been set low, with EPS 25% lower than last year and Revenue target also 15% lower than last year - I think this is achievable as Iphone SE sales will be included in the income statement for the first time this quarter which should help beat the low 42.34bn target.
Risks:
1. Obviously, if Apple misses these expectations i see downside to $89-90 immediately happening - nonetheless I think this opens up a valuable buying opp and I will be buying any 89-90 (or lower) lows, once the earnings hit/ miss flows are over as i believe apple is very cheap on a multiple basis some 10x.
Trading Strategy:
1. On an earnings beat I think because AAPL price has been depressed for so long (30% for 6m+), APPL will see significant topside e.g. to $111 so you should BUY AAPL at market and hold past the 101 breakout for 110tp.
2. Equally, if AAPL misses, we should clear existing risk at $95 and reenter APPL at the MISS bottom which should be $89, or perhaps less.
- I like owning Apple as it is one of the least leveraged companies, with over 250bn in cash & marketable securities (highly liquid) and generates 40-60bn dollars in bottom line profit, with 200bn revenue - thus it is one of the most profitable companies. With this cash, Apple in the future (under new leadership) can regain its prowess and make new highs e.g. 140-160 within the next 12-18m - before if they actually invest in M/A or some heavy R/D - poor leadership by Tim Cook is to blame for APPL's stagnant performance imo - they should have purchased Yahoo to compete with Google ad rev, Twitter to compete with FB and Netflix to grow their Apple TV business - all of which would have worked due to Apples massive worldwide brand and i believe such acquisitions can be made in the future thus I value owning Apple.
Any questions let me know.
NOTABLE HIGH IV STOCKS WITH IV > 50%1. P, 79%
2. FCX, 76%
3. X, 75%
4. TWTR, 67%
5. STX, 57%
6. ABX, 56%
7. NFLX, 56%
8 GG, 53%
9. SLW, 52%
Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's level relative to where it's been for the past 52 weeks to be high, too), but I may not find a great deal of 70%+ IVR plays here with broad market volatility so low (VIX finished the week below 15).
Neverthless, it may be worthwhile to churn through this small list for premium selling plays (iron condors, short strangles, short straddes), assuming there's sufficient time before earnings to sneak a play in. Otherwise, it's probably best just to wait to do the standard volatility contraction play surrounding earnings ... .
A close above 18$ can send TWTR to its 200 days MAIf $TWTR's bullish momentum continues today, the bearish pattern will be violated and $TWTR will probably continue towards 20$ to meet its 200 days MA line.
Bears should focus on the pattern
Bulls target - 19.5-20$
Bears Target - 16-16.5$ and 15.5$ (final target zone)
*This is an example of a trading scenario that I sent to the Elite Zone members earlier this week
Tomer, The MarketZone
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TWTR: Potential long term long entryTWTR is offering a very interesting long setup here. We can enter longs at market open, with a 10% stop loss, and aim for the 21.04 mark, or potentially higher, in case of a M&A event in the future. TWTR has attractive fundamentals, and a good valuation here, so I think it's a good stock for your portfolio, to avoid being net short at this point (see related ideas).
I'm also short NFLX, MSFT, long NKE and CUBI, and will enter X and V shorts tomorrow. Good luck!
Check out my updated track record here: pastebin.com
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Must see Twitter weekly chart - double bottom or more bleeding It is clear what needs to happen here. Twitter needs to break this trendline to the upper right. Every time it has gotten close in the past, they reported more disappointing news on their earnings call and caused more of a breakdown. Finally, a bottom might be in. Time and price will tell.
Lower low by 1 penny on the latest bottom causing a slight bullish RSI divergence.