TWTR 54: Top PIck 2021, Strong CMF/Volumes, Use Pullback as BUY
Fully anticipate a meaningful correction in Jan with profit-taking from new IPOs and mega gains from fluffy stocks. Has SPY Put Butterfly as a hedge (see the previous chart).
I would be excited to see TWTR pullback as buying levels, 52, 50, then 48, a strong 50 MA support (MACD is titling negative).
I have a core TWTR position, I keep selling a bit of 1ATR OTM calls to get some coffee money. Then I would sell puts on a pullback and be buying stocks too.
TWTR has a strong LT trend and stocks have been consistently being bought on dips. Its business model is improving, 2021 would be the TWTR year.
A $100 target is very probable. Good luck everyone and Happy Trading!
Note: I am new to Technical Analysis, I welcome everyone to point out my "mistakes" So I can improve my charting skills. Thank you.
I would be excited to see TWTR pullback as buying levels, 52, 50, then 48, a strong 50 MA support (MACD is titling negative).
I have a core TWTR position, I keep selling a bit of 1ATR OTM calls to get some coffee money. Then I would sell puts on a pullback and be buying stocks too.
TWTR has a strong LT trend and stocks have been consistently being bought on dips. Its business model is improving, 2021 would be the TWTR year.
A $100 target is very probable. Good luck everyone and Happy Trading!
Note: I am new to Technical Analysis, I welcome everyone to point out my "mistakes" So I can improve my charting skills. Thank you.
Comment:
The lesson: Always pay attention to management. TWTR is giving fat fingers to 75 mil voters who voted for Trump while allowing all the foreign dictators have free megaphones. The stock is still cheap giving its monopoly franchise. But I am out.