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TWTR

$TWTR rejection sets up move lower to $26-30I know everyone's bullish following the announcement that Elon wants to buy $TWTR, but the chart still doesn't look bullish. The candle last week sharply rejected the $51 level which is the level price action originally broke down from, which now sets up a move lower. I think the most likely scenario from here is that price sweeps the lows. And falls to between $26-30 (possibility it falls lower, but those are the conservative downside targets). In the very short term, I could see the possibility of one more retest of $51 (which I don't think would be likely to break resistance based on the chart). If that happens and rejects yet again, the probability of this playing out increases a lot. Let's see what happens over the coming weeks/months.
NYSE:TWTRShort
by benjihyam
Elon Musk To Buy Twitter (NYSE: $TWTR) @ $54.20 Per Share?! 🐦Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. In addition, the company offers Twitter Audience platform, an advertising offering that enables advertisers to extend advertising campaigns; Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California.
NYSE:TWTRLong
by RedHotStocks
3
What does Elon Musk want out of his Twitter stake?After being a staunch critic of Twitter for years, Elon Musk has acquired a 9.2% stake in the company for an estimated $2.9 billion in a deal that is widely seen as an attempt to shake things up at the social media platform. Twitter’s stock surged 27% on April 4 following the ownership announcement. Currently the world’s richest person with a net worth of over $270 billion, Musk became the platform’s largest shareholder and landed a seat on Twitter’s board of directors shortly after the ownership disclosure. The appointment would allow the Tesla and SpaceX chief executive officer to pitch ideas like adding an edit button to tweets and advocating free speech. Free speech vision Even before building his stake in Twitter, Musk has long criticized the platform for its restrictive policies. The self-proclaimed “free speech absolutist” in late March put out a controversial free speech poll asking his more than 80 million followers if they believe Twitter adheres to the principle of free speech as a key to “a functioning democracy.” Musk also stressed the importance of the poll, urging his followers to vote carefully. Majority — or 70.4% — of Musk’s followers said “no” to the survey. In a tweet two days after the poll, Musk said that “given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?” Weeks later, Twitter came out with an ownership filing disclosing Musk’s stake. Musk now owns a bigger stake than Twitter founder Jack Dorsey, who still owns just over 2% of the company. Dorsey is known to be pro-censorship. Prior to Dorsey stepping down as CEO in November, Twitter moved to permanently suspend the Twitter account of former US President Donald Trump after the attack on the US Capitol Building on January 6 2021, with Dorsey saying it was “the right decision” for the company. The question now lies on whether Musk will reinstate Trump’s Twitter account. But more than that, the acquisition will make Twitter’s stock more sensitive to tweets by Musk. Market-moving tweets Musk's excessive usage of Twitter triggered warnings, subpoenas and lawsuits by the US Securities and Exchange Commission in recent years. In 2018, he stepped aside as chairman of Tesla as part of a settlement with the SEC and agreed to pay a $20 million fine over past market-moving tweets that affected the carmaker’s stock price. The billionaire’s tweets in mid-March about owning cryptocurrencies Bitcoin, Ethereum or Doge and having no intentions to sell his positions pushed up the market price of these digital tokens. With his position in Twitter, Musk’s criticisms against the microblogging site will likely have an impact on its share price movement. His investment in Twitter provided a lifeline to the company as its shares have fallen to below $40 apiece in recent months. Latest challenge for Twitter After being targeted by activist shareholder Elliott Management for years, leading to Dorsey relinquishing his role as CEO, Twitter will now be up against Musk, who according to New York Times’ Opinion writer Kara Swisher, is an active investor. "Elon Musk doesn’t take a 9.2% interest in a company like Twitter simply for passive income… he was never going to sit on the sidelines of the fight over Twitter,” Swisher said in an opinion piece on Thursday. In a sign of his plan to take on a more active role on Twitter’s board, Musk filed a more detailed Schedule 13D filing with the SEC three days after submitting a Schedule 13G, which is intended for investors that do not plan to engage with the company’s management. A 13D filing makes passive investors transition into activist status. Musk’s exact plans for Twitter remain uncertain, but Twitter’s stock will surely be one to watch in the coming days. Over the past 24 hours, Musk put out more polls including asking his followers whether or not to “convert Twitter SF HQ to homeless shelter since no one shows up anyway.” The Tesla CEO also wants Twitter to remove advertising for subscribers of its Twitter Blue paid subscription service, he said in a tweet on Saturday. The plan is expected to be met with opposition from Twitter’s board as 89.8% of Twitter’s revenue in the fourth quarter of 2021 was from advertising.
NYSE:TWTR
by BlackBull_Markets
SPY Analysis 04/10/22 - Daily TimeframeSee below for chart indicators - SPY has been in a bull run since March 14th, with a (so far) retracement beginning the end of March. As of last week, SPY finished in quite the gray area - with many signs of uncertainty in both buyers and sellers. First, it finished above both its 50 ema (445.50) and above its ATH aVWAP (442.50) - using the 50 ema as strong support and barely touching its aVWAP. These are both signs that the bulls haven't given up yet, despite having dropped 4% in the past two weeks. The RSI is also an indication of bullish struggle, with the RSI 50 being a point of heavy support and resistance in the past, the RSI currently sits at 51 - meaning SPY could potentially use this as a point of support. As for the bears, the 9ema acted as a point of strong resistance for SPY this past week, even stronger than the 50ema's support - a bearish signal. We also see a steady decline in Volume, so expect some inflection point and move happening sometime towards the end of middle/ end of April. As for my personal opinion, I feel SPY is headed lower short term after a period of consolidation. Overall economy sentiment is negative for good reason, and there is still much uncertainty for the war in Ukraine. Puts below: 445.50, 442.50 Calls above: 450 Chart Indicators: 50ema (yellow), 9ema (blue), ATH aVWAP (pink) RSI Indicator: RSI MA (yellow) RSI (purple), Supports (green circle), Resistances (red circle)
AMEX:SPYShort
by SJ_CAP
TWTR: Is it a good buy right now? Complete trend analysis!Hello traders and investors! Let’s see how TWTR is doing today, and do a complete trend analysis on it. First, in the 1h chart, it seems we have a Descending Triangle, and it seems TWTR is losing the support at $ 46.87. This might indicate further drop, especially considering it is doing lower highs/lows, and it is below the 21 ema. We have some bearish structures, but since TWTR is so close to this support, there’s still time to react, but it must react quickly in order to avoid a sharper pullback. It is important to mention that in the daily chart the trend is clearly bullish. It has been a while since we are above the 21 ema and doing higher highs/lows. It just happens that it is too stretched right now, thanks to Elon Musk, and the volume is trading at record highs too. In this case, remember: Pullbacks are opportunities to buy. Any correction to the 21 ema would be great, but we must wait for the confirmation in the 1h chart, by losing the $ 46.87. To me, TWTR will fill both gaps (yellow squares), meaning, it has a target at $ 64.73, but it’ll be a though ride, with a lots of ups and downs. In the weekly chart, we see that the situation is not that easy for TWTR. Even with all the volatility, TWTR just did a very technical movement, and it jumped to hit the 61.8% retracement (with an unbelievable precision), and now we see a Shooting Star candlestick pattern. This is going to be a strong resistance for TWTR, therefore, we must see more bullish structures in the daily chart. So far, everything is going according to the plan, but we must keep our eyes open. I’ll keep you guys updated on this, so, remember to follow me to not miss any of my daily analyses!
NYSE:TWTR
by Nathan_The_Finance_Hydra
5
TWTR: Buy Zone is 38-41Twitter just completed an impressive 5-wave move off the low. What happens next is important. If we can get a nice ABC pullback to the .500 - .618 fibonacci retracement ($38-41) followed by a break above $55, it will signal that TWTR is in the heart of its W-3 with preliminary price targets of $85-$95. Those who are more risk taking may want to purchase at 38-41, those who are more risk averse may want to wait until the breakout above 55. Musk has generated a lot of excitement around twitter and twitter is heavily used during elections, which 2022 is a midterm election year. I currently do not have a position in twitter, but I will buy if we reach my buying zone.
NYSE:TWTRShort
by TomDaSpankEngine
[Twitter] Will the blue bird fly high?#Twitter #Stocks #NYSE #Daily - Twitter, known to be world’s biggest social network platform recently had a good issue that Elon Musk has acquired about 9.2% stake. - If you look at the chart, about 70% bullish rally has appeared with a huge gap. - The black long-term upward parallel channel has been re-entered from the bottom and thus this bottom will be potential support for a while. - In Elliott Wave perspective, I think this impulsive bullish wave is B. If Twitter successfully break the blue falling channel and the orange downward trendline above, this scenario might be wrong meaning that I will be very bullish. - Until then, I would say buying in between my first support and the blue channel and orange trendline is not the best idea. - For those looking for a new entry to buy, it would be either breakout entry above or pullback entries at my supports at 44.60~46.60, 39.30~ 41.30, and 33.30~ 35.30. - Resistances that I am keeping my eyes on are 55.80~57.80, 62.40~64.40, and 68.40~70.40.
NYSE:TWTR
by Tommy_Trader
1