I have been accumulating a TWTR position.
After the large ABC over multiple years (wave 2) it now consolidated above the correction level. Recently it bounces off the trendline (resistance to support) while forming a hidden bullish divergence on the rsi in weekly timeframe.
The all time chart is showing some kind of inv head and shoulders pattern.
Twitters current market cap is 40b
after it breaks ath it will go into price discovery to find its fair value, similar as TSLA did
Fundamentally Twitters problem has been to monetize their users. But i am bullish that they can do it using newsletters / any premium models similar to onlyfans / livestreaming ads.
The pandemic has showed that to get good information first hand the best way is to use twitter and follow the top scientists over clickbait news articles.
Censorship on twitter has been a bad thing but twitter already working on a decentralized version where the data is hosted decentralized and twitter just becomes the gui to access the data. Therefore they would be less responisble for censoring.
Nothing is without risk but this looks like a great opportunity!
targets are hard to measure once it broke ath and is in pricediscovery, one should think about how to trail stop or find profit target after there are good signals in the chart
After the large ABC over multiple years (wave 2) it now consolidated above the correction level. Recently it bounces off the trendline (resistance to support) while forming a hidden bullish divergence on the rsi in weekly timeframe.
The all time chart is showing some kind of inv head and shoulders pattern.
Twitters current market cap is 40b
after it breaks ath it will go into price discovery to find its fair value, similar as TSLA did
Fundamentally Twitters problem has been to monetize their users. But i am bullish that they can do it using newsletters / any premium models similar to onlyfans / livestreaming ads.
The pandemic has showed that to get good information first hand the best way is to use twitter and follow the top scientists over clickbait news articles.
Censorship on twitter has been a bad thing but twitter already working on a decentralized version where the data is hosted decentralized and twitter just becomes the gui to access the data. Therefore they would be less responisble for censoring.
Nothing is without risk but this looks like a great opportunity!
targets are hard to measure once it broke ath and is in pricediscovery, one should think about how to trail stop or find profit target after there are good signals in the chart
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i like the stock <3
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consolidation right below the ath, TWTR has been holding well while general market went into a pullback
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ath break <3
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superfollow feature is coming
techcrunch.com/2021/...ubstack-and-patreon/
techcrunch.com/2021/...ubstack-and-patreon/
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adding on this dip
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added more TWTR 54$
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TWTR came back down again, Jack leaving as CEO, adding to the poistion at 42.90$.
Looks like wave C ending in wave 2 of wave 3, if holds here could moon big time
Looks like wave C ending in wave 2 of wave 3, if holds here could moon big time