TWITTER INC טוויטרמעודכן Expected rebound, then what?
Fundamentals
Questionable considering the current regulatory issues faced by Social Media stocks
Technicals
Poor on most time frames
Look at the potentially beautiful H&S formation on the weekly chart (potentially negative)
Flows
Negative for now, could be getting a boost/rebound this week after holding and closing the 50 SMA last week
Will very much depend on the market situation, also bound for a rebound this week after holding SMA 50
Conclusion
Expect short-term rebound within the 30-35 area
Medium term caution required, especially in the current market context
Another break (and close) below the neckline would bode badly for the stock and confirm H&S
If H&S formation confirmed then target becomes 22/share, where the stock previously broke out
Action
LONG-TERM investors should await to get more clarity on the fundamental (negotiation with Senate) and technical (H&S formation) pictures
SHORT-TERM traders could buy the rebound here and target the MA200 at $32: BUY here (30.49), TARGET 32 then 34, STOP-LOSS at 29.80
Questionable considering the current regulatory issues faced by Social Media stocks
Technicals
Poor on most time frames
Look at the potentially beautiful H&S formation on the weekly chart (potentially negative)
Flows
Negative for now, could be getting a boost/rebound this week after holding and closing the 50 SMA last week
Will very much depend on the market situation, also bound for a rebound this week after holding SMA 50
Conclusion
Expect short-term rebound within the 30-35 area
Medium term caution required, especially in the current market context
Another break (and close) below the neckline would bode badly for the stock and confirm H&S
If H&S formation confirmed then target becomes 22/share, where the stock previously broke out
Action
LONG-TERM investors should await to get more clarity on the fundamental (negotiation with Senate) and technical (H&S formation) pictures
SHORT-TERM traders could buy the rebound here and target the MA200 at $32: BUY here (30.49), TARGET 32 then 34, STOP-LOSS at 29.80
עסקה סגורה: הגיע לסטופ
Poor picture confirmed for longer term holders.Short-term rebound did take place as expected but was short lived.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.