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Twitter signaling a correction, BUT!The bullish flag for now is ruined as we have turned South in the previous trading session. The support of the potential figure was breached and we closed below it. Currently we are in a fractal support of the uptrend - that's the BUT! part. Because RSI and MACD's crossover and histogram are signaling that we may head for a correction and that it's appropriate to take short positions. Breach of the current support will be the additional indicator to start selling.
NYSE:TWTRShort
by DailyChartist
Twitter / Important Levels and ForecastGood morning traders, welcome to the last day of this 2020. Today, we bring you a stock that we consider to have great upside potential if certain conditions are met. 🔸Well, the first thing to detail is that we can see that from historical highs to the current moment, the price has a parable behavior, where a downtrend is generated, then the price finds a bottom, and the subsequent recovery begins. 🔸Theoretically, this movement leads us to see the price in the historical highs again in the short term. What should we expect in the short term? 🔸At this moment, the price is facing a strong resistance zone. So first of all, we need this zone to be penetrated to the upside. 🔸Once this happens, two scenarios can occur. First, that the price generates a retest to the broken zone and then continues the upward movement, and the other option is that it is a direct movement towards highs. 🔸What we will necessarily wait for is that correction and retesting to the broken zone, to have a good risk-benefit ratio, and a safe place to position the stop loss.
NYSE:TWTRLong
by ThinkingAntsOk
3
NZDCHF caught in decision spotNZDCHF currency pair fall into a decision spot. This is is telling us posible trend reverse on H1 timeframe or bullish continuation from daily perspective. If bearish move from H1 trending continuation will happen, we are looking price to break an important support level at 0.62560. If bullish move from daily perspective will push price higher, then current spot is counted as third touch of daily/ h4 timeframe flow. If price will continue higher, then retracement from lower timeframe is expected before entering positions. Why is this spot dangerous to trade at the moment? This spot is dangerous to trade because we have confusion between strong daily buyers, price is still in buyers overall move and trending on h1 timeframe is showing potential bearish downside move. Bullish target: up to 0.63271 resistance level Bearish targets: T1: 0.61984 T2: 0.61449
by EliteFxAcademy
Infosys (Long Term Strategy)Hi Everyone, We are witnessing a great period in the world especially the devastating effects due to new coronavirus waves across western countries, especially in Europe, Francy, Italy, the UK, and the US. There are recent national wide lockdown announcements in both France & UK. We are also expecting a lockdown in the US if Biden wins the election. Having said talked about the above, the biggest beneficiary in this kind of scenario is the Technology Sector. For example Zoom, Apple, Fastly, Tesla have given 500% returns in a span of 6 months since the lockdown. It is time to either start implementing Artificial intelligence for repetitive tasks or bring the robots to the manufacturing sector without involving any humans so the business goes as usual even though we face anything in the future. As far as India, we don't have a technology leader or initiator- we are merely servicing the industry with knowledge and support to western companies. In this scenario, Infosys is the leader in such a service industry. The more the lockdowns, the more the research and development required to accelerate the technology and implement it. I believe Infosys will benefit from this coronavirus. Nevertheless, during a huge fall in the market, and share will be beaten down irrespective of their balance sheet. But it is always good to keep an eye on companies having strong fundamentals and established recurring clients to run the business. Here is the strategy: With the new lockdown, we may see the share price fall to 900 or below. Buy the shares around 900 or below with a long term view to average it (Don't put 100% at once, Start with 5% of investment and keep averaging as the market goes down) I will keep you updated with the market scenario, currently, the market is in a panic situation and it is expected to continue for a short term. Hope you liked my analysis, please let me know your comments Disclaimer: This is an educational view :) Thanks!
NSE:INFYLong
by skiranp
MARK Another Move Higher Or Lower?MARK made a tweet with a video on Friday all in a foreign language. Tagged Intel. No PR (yet) so is it real or is it another hype play like it's done before? "This would obviously be big news for any company of Remark’s size. However, it’s important to remember that a deal might also correspond with a filing and/or press release. So far, since the tweet came out on at 2:53 PM on Friday, nothing new has come from the company with regard to either a PR or filing. Is this a move based on hype alone or will Remark confirm more details of this tweet?" Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
M
by PennyStocks101
6
$TWTR At Turning PointSince the March low Twitter has been trading within a channel that it is currently trying to break out from. Additionally $ NYSE:TWTR TWTR is currently making new 52week highs, which is always a good setup for a long position. With the earnings in mind it will be interesting to oberserve whether we can break out of the channel and continue the bullish momentum $SNAP earnings brought to us, or if we fill the gap and retest the trendline within the channel. If we dont fill the gap, there is not much resistance up ahead, except major levels that go back all the way to 2015/14 (3 red lines). If Twitter will outperform earnings expectations we might even be able to fill the gap all the way back from February 2014 (red box). Tell me your opinion in the comments!
NYSE:TWTR
by johannesflk