Twitter setup

in twtr •  last month  (edited)

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


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.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

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.

Hi, @knircky!

You just got a 4.46% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Congratulations @knircky! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 55000 upvotes. Your next target is to reach 60000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

You can upvote this notification to help all Steem users. Learn how here!