Twitter is in uptrend on daily, but i'm expecting a strong drop to the downside if the price doesn't break with a strong wave the previous top. Selling the breakout seems a good idea.
Apple earnings to be released after market today
Expectations:
1. 1.39EPS and $42.31bn Revenue
- I personally have been an Apple bull for some time - I believe the bar for apple has been set low, with EPS 25% lower than last year and Revenue target also 15% lower than last year - I think this is achievable as Iphone SE sales will be included in the income...
1. P, 79%
2. FCX, 76%
3. X, 75%
4. TWTR, 67%
5. STX, 57%
6. ABX, 56%
7. NFLX, 56%
8 GG, 53%
9. SLW, 52%
Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's level relative to where it's been for the past 52...
If $TWTR's bullish momentum continues today, the bearish pattern will be violated and $TWTR will probably continue towards 20$ to meet its 200 days MA line.
Bears should focus on the pattern
Bulls target - 19.5-20$
Bears Target - 16-16.5$ and 15.5$ (final target zone)
*This is an example of a trading scenario that I sent to the Elite Zone members earlier this...
TWTR is offering a very interesting long setup here. We can enter longs at market open, with a 10% stop loss, and aim for the 21.04 mark, or potentially higher, in case of a M&A event in the future. TWTR has attractive fundamentals, and a good valuation here, so I think it's a good stock for your portfolio, to avoid being net short at this point (see related...
It is clear what needs to happen here. Twitter needs to break this trendline to the upper right. Every time it has gotten close in the past, they reported more disappointing news on their earnings call and caused more of a breakdown. Finally, a bottom might be in. Time and price will tell.
Lower low by 1 penny on the latest bottom causing a slight bullish RSI divergence.
Won't be easy but bearish sentiment at extreme levels. Multiple resistances above: inside trend line dating back to beginning of 2015, gap from earnings, and declining 20/50 MAs.
Despite the attempt to create an All Time Low, 14$ was set as support last week and now we have a potential double bottom for $TWTR that may lead to a short term rally towards 15$ and 16$ (two potential target zone for this bullish setup)
R/R is shown at the chart
$SPX position above 2050 support potential bullish moves this week in stocks (read more in the...
While I wait for my "gaggle" of long VIX/VIX derivative setups to play out, I'm going to play a few of these smaller earnings announcements, so that I can keep powder dry for the juicier underlyings (should their implied volatility ever ramp up to my standards).
Metrics:
Probability of Profit: 77%
Max Profit: $79/contract
Buying Power Effect/Underfined:...
This may be another "cool hype runner"...big lockup expiration coming in June ..Jack D runs this and TWTR and you know what happened to TWTR's stock price. Good product but Young insiders..negative earnings etc etc. If there's going to be selling into the lock up expiration it may have already begun. Worth trailing.
