Long Twitter target 57 by DecTwitter in on a clear uptrend. The recent rebound in equities suggests that this outperforming stock could break high along its uptrend all the way to the next significant resistance of 57.50 (61.8% fibo retracement). A break of the uptrend would be a signal to close the long position.
A call option would gain value of Vega and Delta as volatility increases and prices moves higher.
TWTR
TWTR- Double Top Brewing? Or?Double top brewing? Or is this going to be just one big trading range in between the red and blue support and resistance lines. Time will tell of course. UHS and SLCA look similar by the way. Its all about chart pattern recognition if you ask me.
For informational purposes only, these are not recommendations , do your own homework and trade at YOUR own risk.
@TWTR is not ready to break imho@TWTR is not ready to break imho. needs to cool down at least to to 43.xx to be able moving up.
Well Friday's move gives some hope, but trend is still unstable - can move sub-median until it hits 48. Needs to cross median confidently to confirm breakout. Will see how it develops on Mon. GL all )
Does Everyone Know Their ABC's?If you are familiar with bear channels then the B wave is your ticket. Gotta love ABC's with bear channels clearly defined. Typically a downside break of the bear channel (B wave) in tandem with the indexes is a short sell trigger with a tight stop.
Ought to be fun to watch and see if this one follows that script just like WFC did at the bottom of my page.
All information for educational and informational purposes. these are not trade recommendations , trade at YOUR own risk and don't for get position sizing risk management.
Does everyone know their ABC'S?As you can see overall within the uptrend channel this issue is currently in the middle of the road here. For those who buy support? we are not near it. Major support is the trend channel support, minor support is the smaller sideways line. For those who short bear channel breakdowns? Its all about an downside break of the bear channel with a tight stop.
$TWTR Bull Flag: Day TradeTwitter Inc (NYSE:TWTR) is consolidating in a bull flag pattern. This should lead to upside. The target is $44.80. Twitter ripped big time after reporting earnings last week. It has since pulled back, hitting the gap window at the lows today. This has solid potential. Note the Twitter Inc chart...
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
$FB Heads $100Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some technicians may find interesting. When there is no known resistance ahead of you, but to use FIB projection..though it may give you some possible price rest, also may add up what analyst say about the company and what target price they may have on it. This combination will give you either exit levels or reload levels. We see $100 coming next 16 months if not sooner.
Twitter Price Prediction - $45 before earningsTechnically it's having some trouble breaking out above the cloud but it should happen this week. Then the cloud should become support for this stock. RSX shows it's a little overbought indicating it may consolidate a little more.
General consensus on this stock seems to show some concern - however there isn't much expectation either. I am expecting Twitter to hit $45 before earnings and I believe this earnings would be beat.
Although changing their CFO before earnings could be seen as a bearish move, I do believe it was long due and it's for the better of the company.
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The Rise of TwitterIt's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire.
TWTR closed the day just below the edge of resistance. Recent price action appears to have a decent bullish footing with bullish volume and confirmation combined with bullish momentum. Should the stock retreat, I'm looking at the 35 price point for support. A gap up from here could bypass the immediate overhead resistance and possibly set the target to 47.
A tweet for thought.
TWTR Short Term / Long Term ChartMost of the information is on the chart.
Recent news driving the stock up: 1. Twitter integration into Xbox One therefore you could tweet straight from your xbox console and see what others are tweeting about without using your phone nor take your attention away from the television.
2. NEW YORK (TheStreet) -- Twitter (TWTR_) rose Thursday after the social media company announced its acquisition of Namo Media to help strengthen its position in mobile advertising.
Twitter announced the acquisition in a blog post but did not discloses the financial terms of the deal. "We have been working to bring native ads to mobile app publishers in order to create a more seamless and less intrusive ad experience for users," the post reads.
Namo contributes technology for native advertising, which integrates ads into a website. A native ad could appear like a promoted story on a news site, for example.
Bulls aren't gonna make it easy for the BearsThis is a 4 hour chart of the QQQ and it shows both the bullish and bearish side of the argument. I have a bias to the bear side due to bearish divergence on the weekly chart and also the head and shoulder pattern. However, the bullish argument is that we have an inverse head and shoulder pattern ( green) opposing the Bears, and also the fact that we are still in a primary bull trend. The Bulls can drive the price all the way to 89.00 level and we could still be bearish long term. If we breach that level and get resistance level above ( 89.61)., then the bears might be in some trouble. That being said, often times in a bullish uptrend, we see the indices make new highs one to break down a few days after and turn bearish when it is least expected. I think right shoulder ( red) might take longer that many bears might be anticipating. I'm bearish medium term( 6 months), bullish short term( 3 weeks)
TWTR - A little bird told usMany erroneously believe that market targets cannot be known until a stock has been trading for a specified period of time. As our clients are well aware, we identify the relevant targets very early in the trading cycle, sometimes even before the first 15 min of trading on the date of the IPO.
How is this possible?
Contrary to what many are taught , the financial markets are very predictable, the difficult part is knowing which way a stock will move on any given day. But the targets on each timeframe, long or short, can be identified far enough in advance to allow easy entry and exit.
The 4th target being reached on TWTR before any significant pullback is not all that unusual for any tech IPO that is hyped to the heavens by the relevant underwriters.(See our comments re FB IPO and apply that to most IPOs. ).
Sometimes the pullback will be minor. sometimes major. IF you believe that the chart. fundamental analysis, tea leaves, indicators, studies, or any other criteria you employ points up for TWTR, you now have the longest term 1st target available. The same is true if you believe it should continue to correct to the short side.
As a heads up, we would be very skeptical of the long entry shown and would only consider a short term call until it proves to be backed up by buying volume. Just saying.