Ridethemacro

Twitter Time to Short and Hold Crash Ahead ?

Short
NYSE:TWTR   Twitter Inc
Company Details

Full Name Twitter , Inc.
Country United States
Employees 5,200
CEO Jack Dorsey

Stock Information

Ticker Symbol TWTR
Stock Exchange New York Stock Exchange
Sector Communication Services
Industry Internet Content & Information
Unique Identifier NYSE: TWTR
IPO Date November 7, 2013

Description
Twitter operates as a platform for public self-expression and conversation in real time United States and internationally. The company offers various products and services, including Twitter , a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers a set of tools and public application programming interfaces for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content. Further, it provides subscription access to its public data feed for data partners. Twitter , Inc. was founded in 2006 and is headquartered in San Francisco, California.

The IPO opening print also marks the 50% retracement of the downtrend into 2016, highlighting the need for skeptical buyers to come off the sidelines here and lift the stock into the $50s. The uptick has just eased into a trading range that acknowledges resistance, so a positive catalyst may be needed to trigger a breakout. That could be a tall order in the fourth quarter, given the extraordinary challenges. As a result, there isn't much to do except to wait and watch price action in coming weeks.

The Bottom Line
Twitter stock has returned to seven-year resistance and still give no clear break out above the IPO 50% Retrace Level, Ahead elections Covid-19 $ Crash may lead s&p500 and major stock market to down side,
we can expect a twitter crash or Correction to down side soon!

Best Regards:
RideTheMacro

Comments

IT ISNT A FAKE BREAK you've drawn your lines wrong. The bull channel slanted downwards. You have to draw from point to point not some imaginary line
Reply
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