The technology sector should rebound at least 16% from recent lows before April 2019. This rotation in the US equities markets is a very healthy process and my predictive modeling is suggesting that this IS NOT A TOP. We still have a ways to go before I will be calling a top in this market.
The Technology sector is where real share growth has been focused over ...
FANGs and technology companies could see an additional 20~30% drop as the inflated pressures of pricing expectations deflate.
Technology, much like the 1999 DOT COM bubble, have been inflated over the past 2+ as foreign capital capital has rushed into the US market for safety and security. This recent rotation could be the beginning of a deeper price rotation in ...
Heading into earnings the technical analysis on TWTR says it has been bouncing above 28, where it found a support after testing 26, where an inverted Head was formed. The momentum indicators show an increasing value, making it a Positive momentum divergence, which is a bullish sign. During the market drops, even though those were severe, TWTR was resilient and ...
Twitter broke-out, time to hold it tight to new highs.
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict ...
TWTR is approaching its resistance at 36.93 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 30.35 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
**Value Zone Opportunity**
A starting position of $1000 on TWTR, entered at the closing price 34.45 is expected to return anywhere from ~ $1200 - $2650 over the next 50 - 150 days.
The plan is to:
- Have an entry above support at 31.14
- Risk no lower than 32.95
- Make sure 34.99 resistance is reclaimed before attempting 36.2 breakout
- Be mindful of reversals ...