What i really believe is happening is Elon Musk wants a better price for Twitter, in the $44-45 area instead of the initial $54.50.
And he will get it. The earnings won`t be strong, we could even see revisions.
My buy area is between $31 and $34 and the buyout price $44.
i think you can win both ways if you play an option strangle with 6 months expiration date....
TWTR has printed a nice double bottom along this middle band of the 'Gaussian Channel' indicator
This is the Monthly chart.
My stance on TWTR is extremely bullish, Elon Musk owning the most prominent space where NFT's are shared (in my knowledge) is a big buy signal to me.
Market just finished 1 to 5 Elliot Wave Theory and we are forecasting ACB correction will bounce at the bottom of unfilled orders and reach the bottom of accumulation zone.
Entry: 40
Target: 60
Invalidation: 31
SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
According to the scenario, the correction to the demand area is falling and it is suitable for buying, which you can buy in two places. Targets are marked on the chart, it looks like the token is scalable
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.
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.
TWTR confirms that the "Cup and Handle" pattern is bullish at $ 37.25, which I will buy when the price touches here.
TWTR wait buy : $37.30
TWTR target : $45 +-1
Stop loss : 8% or 10%
Wish you good deals!
![TWTR: Twitter [TWTR] breaking through a 6 year trendline](https://s3.tradingview.com/g/gDcDSV5d_mid.png "Twitter [TWTR] breaking through a 6 year trendline")
