Twitter Inc (October 11th, 2022)
There's been lots of debate on the Musk acquisition of Twitter and it's still ongoing, but even if Musk does acquire Twitter, it could be offered up as an IPO again later.
Regardless, I think the crowd psychology and trends currently in motion that could stay in motion with Twitter will cause a crash to $9-$13 a share according to my Elliott Wave Theory. Even if company goes private, the value of twitter in people's minds may still follow a path but we just won't have a clear metric to measure it with.
I see lots of double zig zags, and I think price can stop around either $57 or $61 before trending back down again to $9-$13.
I'll post a few different candle timeframes to illustrate how long it could take.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
There's been lots of debate on the Musk acquisition of Twitter and it's still ongoing, but even if Musk does acquire Twitter, it could be offered up as an IPO again later.
Regardless, I think the crowd psychology and trends currently in motion that could stay in motion with Twitter will cause a crash to $9-$13 a share according to my Elliott Wave Theory. Even if company goes private, the value of twitter in people's minds may still follow a path but we just won't have a clear metric to measure it with.
I see lots of double zig zags, and I think price can stop around either $57 or $61 before trending back down again to $9-$13.
I'll post a few different candle timeframes to illustrate how long it could take.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!