$TWTR rejection sets up move lower to $26-30I know everyone's bullish following the announcement that Elon wants to buy $TWTR, but the chart still doesn't look bullish.
The candle last week sharply rejected the $51 level which is the level price action originally broke down from, which now sets up a move lower.
I think the most likely scenario from here is that price sweeps the lows. And falls to between $26-30 (possibility it falls lower, but those are the conservative downside targets).
In the very short term, I could see the possibility of one more retest of $51 (which I don't think would be likely to break resistance based on the chart). If that happens and rejects yet again, the probability of this playing out increases a lot.
Let's see what happens over the coming weeks/months.
Elon Musk To Buy Twitter (NYSE: $TWTR) @ $54.20 Per Share?! 🐦Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. In addition, the company offers Twitter Audience platform, an advertising offering that enables advertisers to extend advertising campaigns; Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California.
TWTR - Why I bet on the short sideAside a fundamental disaster that EM joining the board, AND this company has nothing on the plate to make money, the TA screams at me to short this Vulture.
Maybe it's not declining that steep like I have drawn, but I'm confident to make some doe to buy some Spaghetti §8-)
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It's A Fun Chart
So Crash is not just happening because of this chart so if fundamentals will change im going to do update .
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Trading Idea - #BitcoinMy buy idea on the current situation of Bitcoin /BTCUSDT:
I have been following the ascending triangle for several weeks.
I trade the resistance line between 45k and 46k USD as SHORT.
I trade the diagonal support line as LONG.
Here:
Entry: 40 .200 USD
Target: 45.000 USD (+11%)
Stop: 38.500 USD
What does Elon Musk want out of his Twitter stake?After being a staunch critic of Twitter for years, Elon Musk has acquired a 9.2% stake in the company for an estimated $2.9 billion in a deal that is widely seen as an attempt to shake things up at the social media platform.
Twitter’s stock surged 27% on April 4 following the ownership announcement.
Currently the world’s richest person with a net worth of over $270 billion, Musk became the platform’s largest shareholder and landed a seat on Twitter’s board of directors shortly after the ownership disclosure. The appointment would allow the Tesla and SpaceX chief executive officer to pitch ideas like adding an edit button to tweets and advocating free speech.
Free speech vision
Even before building his stake in Twitter, Musk has long criticized the platform for its restrictive policies. The self-proclaimed “free speech absolutist” in late March put out a controversial free speech poll asking his more than 80 million followers if they believe Twitter adheres to the principle of free speech as a key to “a functioning democracy.”
Musk also stressed the importance of the poll, urging his followers to vote carefully. Majority — or 70.4% — of Musk’s followers said “no” to the survey.
In a tweet two days after the poll, Musk said that “given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?”
Weeks later, Twitter came out with an ownership filing disclosing Musk’s stake.
Musk now owns a bigger stake than Twitter founder Jack Dorsey, who still owns just over 2% of the company. Dorsey is known to be pro-censorship. Prior to Dorsey stepping down as CEO in November, Twitter moved to permanently suspend the Twitter account of former US President Donald Trump after the attack on the US Capitol Building on January 6 2021, with Dorsey saying it was “the right decision” for the company.
The question now lies on whether Musk will reinstate Trump’s Twitter account. But more than that, the acquisition will make Twitter’s stock more sensitive to tweets by Musk.
Market-moving tweets
Musk's excessive usage of Twitter triggered warnings, subpoenas and lawsuits by the US Securities and Exchange Commission in recent years. In 2018, he stepped aside as chairman of Tesla as part of a settlement with the SEC and agreed to pay a $20 million fine over past market-moving tweets that affected the carmaker’s stock price.
The billionaire’s tweets in mid-March about owning cryptocurrencies Bitcoin, Ethereum or Doge and having no intentions to sell his positions pushed up the market price of these digital tokens.
With his position in Twitter, Musk’s criticisms against the microblogging site will likely have an impact on its share price movement. His investment in Twitter provided a lifeline to the company as its shares have fallen to below $40 apiece in recent months.
Latest challenge for Twitter
After being targeted by activist shareholder Elliott Management for years, leading to Dorsey relinquishing his role as CEO, Twitter will now be up against Musk, who according to New York Times’ Opinion writer Kara Swisher, is an active investor.
"Elon Musk doesn’t take a 9.2% interest in a company like Twitter simply for passive income… he was never going to sit on the sidelines of the fight over Twitter,” Swisher said in an opinion piece on Thursday.
In a sign of his plan to take on a more active role on Twitter’s board, Musk filed a more detailed Schedule 13D filing with the SEC three days after submitting a Schedule 13G, which is intended for investors that do not plan to engage with the company’s management. A 13D filing makes passive investors transition into activist status.
Musk’s exact plans for Twitter remain uncertain, but Twitter’s stock will surely be one to watch in the coming days. Over the past 24 hours, Musk put out more polls including asking his followers whether or not to “convert Twitter SF HQ to homeless shelter since no one shows up anyway.”
The Tesla CEO also wants Twitter to remove advertising for subscribers of its Twitter Blue paid subscription service, he said in a tweet on Saturday. The plan is expected to be met with opposition from Twitter’s board as 89.8% of Twitter’s revenue in the fourth quarter of 2021 was from advertising.
Trading Idea - #JPMorganMy trading idea for JP Morgan - SHORT / SELL
Entry: 133.20 USD
Target: 108.00 USD (+18% profit)
Stop: 146.10 USD
JPMorgan Chase & Co . is a global financial services company. The company operates in four segments: consumer & community banking ( CCB ), corporate & investment bank ( CIB ), commercial banking ( CB ) and asset & wealth management ( AWM ).
U.S. banks face huge earnings losses. First-quarter profit expectations for major banks have been cut considering the Russia sanctions and a severe slowdown in business activity.
JPMorgan (NYSE:JPM) is the 17th most popular stock among hedge funds, according to a study by ClearBridge Investments. JPMorgan was in 107 hedge fund portfolios in the fourth quarter of 2021, compared with 101 in the previous quarter. Even with the increasing interest from institutional investors, the stock has lost about -20% in the last 3 months!
Insiders believe "JPMorgan Chase is too big to fail". JPMorgan is indeed an influencing giant of the financial world, but a share price recovery also depends on the global economy and its recovery.
In terms of the chart, we have been in a strong downtrend since November 2021. Again and again, there have been strong moves to counteract it. This has led to high volatility in the share. The SHORT momentum remains and solid ground by a support level is not really in sight.
4/10/22 TWTRTwitter Inc ( NYSE:TWTR )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: 37.014B
Current Price: $46.23
Breakout price: $48.40
Buy Zone (Top/Bottom Range): $45.85-$39.90
Price Target: $55.50-$56.00 (1st), $68.20-$70.20 (2nd)
Estimated Duration to Target: 62-66d (1st), $160-166d (2nd)
Contract of Interest: $TWTR 6/17/22 3.30c, $TWTR 9/16/22 50c
Trade price as of publish date: $4.75/contract, $5.15/contract
Twitter to accept DOGE as payment?Dogecoin is pumping on a day when the rest of the cryptocurrency market is slightly down or muted. From a technical standpoint... the recent pump to 0.18 has pulled back and held a 50% Retracement so far. It needs to continue to break 0.16 first. Failing to maintain 0.14 and the trade is over. From CNBC:
Elon Musk suggests people who subscribe to Twitter Blue should be able to pay with dogecoin.
“Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark,” he tweeted.
“Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam,” he said.
“And no ads. The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive,” he added.
Musk also proposed that the pricing “should be proportionate to affordability & in local currency.”
“Maybe even an option to pay in Doge?” he suggested, referring to the cryptocurrency.
Source:
www.cnbc.com
Trading Idea - #DaimlerTruckMy trading idea for Daimler Truck Holding - LONG / BUY
Entry: 23.70 EUR
Target: 32.10 EUR (+35%)
Stop: 20.00 EUR
Daimler Truck Holding AG is one of the world's largest commercial vehicle manufacturers, with over 40 production facilities worldwide. The company manufactures trucks, buses and commercial vehicles, which are partly sold under other brands.
Daimler Truck expects earnings to increase for the financial year 2022. Management sees no signs of a slowdown in the business. By comparison, other companies in this industry are less optimistic. For investors, this is a strong buy signal.
Daimler Truck is the market leader in the U.S. and has ambitious goals to secure this position in the self-driving commercial vehicle business as well.
Like the entire industry, Daimler Truck is also affected by the semiconductor shortage. Some plants are going on short-time working.
Optimistic investors see a support level at the EUR 23.00 mark with a beginning price recovery.
Bitcoin 4H TA : 04.08.22 (Update) As you can see, the price reacted positively when it reached the BB + support range and increase to $ 44,000 (note that there was a strong BMS at the $ 44,265 level ). If the price fails to maintain the support of $ 42700, we expect the price to fall to lower levels today (so the current price support is one of the most important price supports ), the next bearish targets according to the previous analysis are $ 422300, $ 41700 and 41400 $ , respectively.
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👤 Arman Shaban : @ArmanShabanTrading
📅 04.08.2022
⚠️(DYOR)
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TWTR: Buy Zone is 38-41Twitter just completed an impressive 5-wave move off the low. What happens next is important. If we can get a nice ABC pullback to the .500 - .618 fibonacci retracement ($38-41) followed by a break above $55, it will signal that TWTR is in the heart of its W-3 with preliminary price targets of $85-$95. Those who are more risk taking may want to purchase at 38-41, those who are more risk averse may want to wait until the breakout above 55. Musk has generated a lot of excitement around twitter and twitter is heavily used during elections, which 2022 is a midterm election year. I currently do not have a position in twitter, but I will buy if we reach my buying zone.
$TWTR time to long this undervalued platformNeed to see how this plays out, ill take a small position as the stock is in a long bearish trend. However we can see a small bullish divergence and we can see that some trendlines match up with around 40$ prices.
Short term is has broken a resistance line and retested this.
Twitter has some relevant news thats neutral and some is bearish, dyor.
What I See For Elon Owning A Share Of TWTRElon --> Moon with rockets literally and with stocks so...bullish on this one.
When I explain charts to my mom I say candles doing this(reference chart) is GOOD, bullish, if you're long that's good. I don't know how I feel about Twitter potentially doubling its market cap considering social media company influence in the world... but regardless I think it's a possibility-(eventually)-especially in the monthly charts. Big come back possibility for TWTR having been valued at $80.75 before. I HOPE Twitter is a humble company and Elon passes good influence and inevitably enthuses buyers to find faith in Twitter stock. Twitter at $50 is valuable to me.
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