NASDAQ:TWST I researched TWST stock about a year and a half ago, around the beginning of 2023. It was noticeable that there was also a gap that initiated a downward trend, and I waited for the stop squeeze around the $10-12 price range. Unfortunately, due to liquidity issues at that time, I was unable to catch it at the $13 entry price I desired and entered in...
Both earnings and revenue are better than expected! The reaction is still muted but on the chart we have a beautiful descending triangle with a breakout starting. We could very well back test as we are a bit overbought, we could also just go sideways or up. I have already established an entry but I think anywhere in the 12-13 range will be rewarded later this year...
I like the potential of this stock to run up to $42. I'll likely be reanalyzing my sell point often if the stock were to pump upwards after hitting somewhere under 28.18.
I think at some point late in the week, we'll see the dip, and I'll be looking to buy if we can hold support and form a new trend.
Bad press this morning coming from Scorpion Capital's report. This call credit spread is an idea to capitalize on the bad PR, (regardless of the truth and legitimacy of the report).
Approx. $75 credit.
$500 collateral.
There was a strong impulse, then we see a correction with a rising flag, wich means bull strength. And now it’s daily breakout as a signal to continue the main movement.
After a spectacular fall (of 88%) all the way back to covid pandemic low, TWST appear to have found bottom @ abt $25 on 12th May and then retested this level again on 13 June. There were some signs of high volume accumulation on days following these low.
The 21day moving average has recently crossed above the 50 day moving average and RSI is now showing strength...
Currently down 70% from ATH, TWST may be a good buy at these levels. Idk anything about the technology or revenue streams but Jakey mac likes the stock so i charted it out for him. $46-48/share appears as strong support with $66 being sturdy resistance. If 46 breaks, then 40 and 36 are also significant support zones. Could see breakout if we hold above 66, but...
Fooling around with my TWST chart. I'm long TWST and I'm bored trying to doodle with some ideas for this technical analysis. I have TWST trading sideways (same as other genomic stocks) for the next few months before aiming for the previous ATH again.
$TWST
Mapping out a target for $TWST. C/H in process? Solid bounce off the fib level, vol profile and EMA. Technicals and oscillators are strong. Price above and nicely aligned with EMA’s. Bullish MACD. RSI is high which would time out with a subwave 4 before testing ATH.
NASDAQ:TWST
Above MA's, respecting trend, still a bullish chart.
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