If you like to play earnings for volatility contraction, there are a ton this coming week. Here are the ones that made my cut for volatility contraction plays based on options liquidity and bang for your buck as a function of stock price:
TWTR (49/73/15.9%),* announcing Thursday after market close.
MGM (16/69/15.2%), announcing Thursday before market...
$TWTR hasn't broken out,
Instead, it range traded then dumped from $50 to $13 and back to $50
An accumulation pattern, a very bullish one.
The same structure can be observed on $FB
Just before it broke out from $70 to $274
That's right folks,
a %1000 bullish move since $FB cracked that accumulation pattern.
Targets for $TWTR
Since the March low Twitter has been trading within a channel that it is currently trying to break out from.
Additionally $ NYSE:TWTR TWTR is currently making new 52week highs, which is always a good setup for a long position.
With the earnings in mind it will be interesting to oberserve whether we can break out of the channel and continue the bullish momentum...
Twitter has recently broken through the 6-year trendline as seen in the chart. This week it has successfully retested the trendline as support as well.
The Twitter train is about to get wings and fly upwards.
Target 1 would be 50
Target 2 would be 53.48
I believe the move up will start next week.
This is not financial advice, do your own research.
No doubt this has been an incredible run for the LA-based social media company. With stellar growth numbers and BIG revenue boost, the company just broke $50B in market cap.
To be clear, that still makes than $700B less valuable than NASDAQ:FB today... seems like there's more upside here?
Having a go at posting $TWTR again as it looks like a solid long despite market weakness. Tried posting on $TWTR back at $38 but apparently that was deleted by TradingView. Sometimes patience pays off and it seems like we have another entry to a possible multi-year trend line breakout.
$TWTR has strong trend line support since March & has acted rather well when...
Congratulations to those who followed my linked idea. We got in nicely around $46.
My main target still stands around $53, there is a possible 2nd target around $52 as there is a weekly resistance there.
I believe we will go up after yesterdays very bullish hammer. It dropped hard but got bought back very well and even ended positive.
NYSE:SNAP has formed a double top from July levels. This stock could see some pullback with the growing popularity of NYSE:TWTR and other social media platforms like TikTok. I see downside of 24.79, which is a strong pivot point, heading into the earning's report and if EPS is a bust it could quickly move down to the neckline formed in August at 20.81.
TWTR has only been a publicly traded company since 2014, so you may take this with a grain of salt but I trade mostly on longer term historic patterns. TWTR seems to be at a historic resistance price, so I have taken on a small 3-month Exp. Call Credit Spread (which is a Bearish position if you are not familiar with Options).
At this price range, this could be a...
Today's breakout was strong and "unchallenged" - comes with a backdrop of strong demand (v.viewer) and bullish sentiment (green area in UTO)
it's a clear comparison versus the 2 prior breakout attempts (yellow circles) where both attempts received headwind from sellers (long wicks in both bars) which didn't happen this time. fingers crossed for the next 2...
If TWTR does not crack resistance this morning and rips to 42. You could see a possible pullback to 40ish to set up for an inverted H&S. I don't really trade with this pattern often so this could be irrelevant. However, LONG TWTR