TWTR has been relatively unscathed in the general market sell off the past week. Instead of steep pullback experienced by other stocks, it formed a bullish flag instead. I am still in this trade and waiting patiently for the next up leg.
Stop Loss just below the 50% retracement @ 51.20
Disclaimer: This is just my own analysis and opinion for discussion and...
looking to take $TWTR if it decides to head north out of the pattern. the weekly shows old resistance levels being used as new support over the last few days. the trend is your friend!
NYSE:TWTR do not sleep on this. Lift off soon. JAN 15 $45 calls will be hot in a couple of week. Grab them now
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Sometimes you just gotta be a bear!
Entry: green trendline from March (ATH: 56.00)
PT1: white trendline (48-49)
PT2: red trendline (44-45)
SL: break of ATH
TWTR channel remains well respected , having held under back-test on Friday.
The 7ma may need to catch up for the stock to make its next move higher.
Volume remains impressive.
$53.00 is key Yearly candle Pivot point from 2015 to break.
$56.00 is next target.
$62-64 is of huge importance
This is tweeter short term short bias.
Price have reached to the previous weekly strong demand and that is not easy to break. It takes some time. Hopefully market may show us some pullbacks at earnings.
TWTR has been slow and steady in raising with improved business metrics. It has made an upside move similar to the previous one, however giving its monopoly position (real news in real-time), I would be interested in buying the stock in a pullback to 48.78 a likely small retracment.
For the moment, ATM PCS is a way to go or unbalanced put fly centered around 48....
Shown here on the monthly view, TWTR is working on a huge breakout. From a fundamental perspective I believe its waiting on news regarding either: 1. Subscription or recurring revenue business model 2. Leadership particularly Jack Dorsey the CEO. I like Jack but he splits his time between $TWTR and $SQ. You have to wonder how this company would be run with a...
In Uptrend Channel
Earning 10/30, Gap down
Touched support trendline.
Previous Resistance became support
Demand Zone Confirmation
entry 41
stop 38
target 51
Reward:Risk =3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
News drop caught shorts way off guard in here. Glad I was cuatios as these have been breaking up lately. No position. Looks like ATHS are in the future here. Congrats to all holders. Will watch for Blue sky break
