After more disappointing results from Twitter this week the stock took a nose dive down to the 37 mark. It is the largest daily move since the company was floated in Nov 13. I feel as if it has now been oversold and this is a great opportunity to get a long with potential to hit $46 in the next few weeks. Technically price has reached the ascending trend line and...
With the Periscope bought and release TWTR should move higher they bought it for only 100 million dollars Marketcap only 31.88Million Facebook payed 19Billion$ for whats up and Marketcap is 233Million $ Skype was bought for 8.5 billion Dollars from Microsoft I think Twitter will also bought soon could be google or yahoo??
Not too confident of this setup, but worth a try here. Entry: 49.64 S/L: 47.35 T/P: 55.52
TWTR daytrade long over the 1Hr chart
Careful, the stock seems not ready yet to take the jump If the jump over 49 is made, then a bearish butterfly, Gartley or bearish bat is in play. If not, then Possible re-enter (or add) targets 45.00 44.62 43.83 43.00 <--- stop loss
#TWTR #TWITTER Gartley Pattern Short Idea Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
This trading idea for aggressive C entry near 38$, was sent to the members in their weekly file. Since than, $TWTR rallied over 20%! On its way to 64? 70?
TWTR touched Aug '14 support today and opened with a gap up. Is that exhaustion of the recent uptrend combined with forthcoming negative reports today? Or is it an imminent breakout? It's a game of probabilities and psychology. I'm feeling pessimistic today. Full analysis: jmak.ws
primary trend line broken first of december. Good price 36.11
Maybe there's a bearish butterfly in play XA move = 7.3 $ approx AB move = 61.8% of XA BC move = 61.8% of AB CD move = 161.8% of XA move (hopefully)
AD move should be 123 to 162 % of the XA drop
The XA drop is approximately 45$ (from 74 to 30). Based on this leg, the leg AB should be approx 61.8% of the XA leg (TRUE because 30+ 26 = 56 ). Secondly, the BC drop should be approx 61.8% of the AB leg (TRUE because 56-17 = 40, where we are approximately NOW ). The BC drop is a congestion zone and the pattern usually takes longer to resolve in this area. For...
Great risk to reward entry here, as TWTR has been consolidating and has found support. My bias is to the upside. Will be a great entry for swing and Position trading. Gap fill awaiting to be filled, Provided the market Keeps grinding higher.
Twitter is forming a great base for take off. The prior two bases yielded some nice gains and this one is setting up the same way.
After these two days of trading twitter wll have a higher volatility in a downtrend! Next Support level will be at 38.5 then 36 A Fundamental issue that should be considered is the management strategy for raising revenue, the new product that the were announced on Wednesday aren't considered revenue boosters! I'm not short, I'm just watching for now