2021-02-05 • Updated
Twitter reached the all-time high of $56.50 on Thursday. Actually, it’s heading for the best week in almost two years. The stock regained its losses after falling in January’s second half. The drop was caused by concerns that people could massively leave the app due to some political issues. According to Forbes’ machine learning analysis, Twitter has a 54% chance to rise over the next month.
According to BK Asset Management, “Twitter, to me, is the Cadillac or the Mercedes Benz ... of financial information. Twitter is probably the single best long-term buy when it comes to social media platforms because of the quality of its content and the quality of its product.”
Twitter will publish its earnings report on the night of February 9-10. The exact time is February 10, 01:00 MT time (GMT+2). The initial forecast is $0.29 per share.
Technical indicators point that the price is about to enter the overbought area: the price went above the upper line of the Bollinger Bands and the RSI is heading to rise above the 70 level. Since Twitter has been trading inside an ascending channel for over a year, we would expect the price to pull back from the upper trend line near $60.00 rather than break out. However, the strong earnings results may boost the stock to jump above the upper trend line. The next resistance will be at $65.00. Support levels are at the low of December 30 at $54.00 and at the 50-day moving average of $50.00.
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Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...
Bearish Scenario: Sales below 78.99 with TP1: 77.93, TP2: 77.45, and upon its breakout TP3: 76.56 and TP4: 75.70 Bullish Scenario: Purchases above 78.00 (wait for a pullback to this area) with TP1: 1679.00 (uncovered POC*), TP2: 79.33, and TP3: 79.66 intraday
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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