Twitter setup

in twtr •  last month  (edited)

I think I will pull the trigger tomorrow on this setup.

twitter.JPG

I like twitter and always wanted to own it. But I missed the bottom.

I love great companies with monopoly products when they get hammered by the market, especially after they IPO'd. That gives a great cheap way of getting in early and riding a long HODL wave.

Twitter has already 3Xed from its bottom, but just now is forming a cup and handle and seems close to breaking out.

This to me looks like a nice long term trade setup with good risk/reward ratio. A nice combo of fundamentals and technical analysis that is coming together.

My target is around $80 for clean double up from the 40ish price of today. My stop will be around 33. But I will will sell as soon as a break of the short term uptrend is not holding and that break is confirmed with two daily closes below it, around $36 currently.

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The majority of analysis posted on twitter are not very trustworthy, but this one has all the technical and fundamentals supporting a good upwards run very soon!

Hi @knircky
Just wait for the best time so you can take advantage of that reference price.
Success with that strategy

  ·  last month (edited)

That looks very solid, good luck!

It really looks as cup-and-handle formation! I wish you much success.
HODL in stocks is very conservative. Andre Kostolany would say:
Buy and take a long sleep. How true.

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