Youtrading UK
Português русский
Register Now Login
  • Markets
    • All
    • Commodities
    • Forex
    • Index
    • Stocks
    Photo by Photoholgic.

    Gold Technical Analysis – $1,880 now key

    Market optimism high ahead of ECB policy meeting

    Market insight – How are traders positioned this week

  • Charts
  • Economic Calendar
  • World

    Market optimism high ahead of ECB policy meeting

    Photo by Colin Watts.

    Greenback slips ahead of Yellen testimony

    Photo by wu yi.

    Market Insight – Chinese economy back in the spotlight next week

    Bond market continues to drive US dollar moves

  • Economy

    Markets Look To Central Bank Decisions For Direction

    Photo by wu yi.

    Market Insight – Chinese economy back in the spotlight next week

    FTSE100 Technical Analysis – Weekly trendline back in focus

    Photo by Gayatri Malhotra.

    Expect volatility as Biden outlines stimulus plan

  • Insights
    Photo by Photoholgic.

    Gold Technical Analysis – $1,880 now key

    Market optimism high ahead of ECB policy meeting

    Market insight – How are traders positioned this week

    Photo by Michelle Spollen.

    USDCAD Technical Analysis – Primed for a reversal

  • About Us
No Result
View All Result
Youtrading UK
  • Markets
    • All
    • Commodities
    • Forex
    • Index
    • Stocks
    Photo by Photoholgic.

    Gold Technical Analysis – $1,880 now key

    Market optimism high ahead of ECB policy meeting

    Market insight – How are traders positioned this week

  • Charts
  • Economic Calendar
  • World

    Market optimism high ahead of ECB policy meeting

    Photo by Colin Watts.

    Greenback slips ahead of Yellen testimony

    Photo by wu yi.

    Market Insight – Chinese economy back in the spotlight next week

    Bond market continues to drive US dollar moves

  • Economy

    Markets Look To Central Bank Decisions For Direction

    Photo by wu yi.

    Market Insight – Chinese economy back in the spotlight next week

    FTSE100 Technical Analysis – Weekly trendline back in focus

    Photo by Gayatri Malhotra.

    Expect volatility as Biden outlines stimulus plan

  • Insights
    Photo by Photoholgic.

    Gold Technical Analysis – $1,880 now key

    Market optimism high ahead of ECB policy meeting

    Market insight – How are traders positioned this week

    Photo by Michelle Spollen.

    USDCAD Technical Analysis – Primed for a reversal

  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result
Home Insights

Twitter Technical Analysis – Chance to buy the dip?

Nathan Batchelor by Nathan Batchelor
13 January 2021
in Insights, Markets, Stocks
0
Photo by Brett Jordan.

Photo by Brett Jordan.

356
SHARES
7.3k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Twitter’s stock price fell by over 10 percent on Monday, following the social media giants announcement that they were banning United States President Donald Trump from its platform over the weekend.

Twitter lost around $5 billion in market cap as the stock plunged on the Wall Street open. Traders and investors are now pondering if it is time to buy the stock or steer clear for now as the company is seeing an exodus of Trump supporters into conservative platforms.

Consensus theory is that Twitter’s stock plunged in value as investors are worried that the banning of President Trump will see all of his 88 million Twitter followers starting to boycott the company. However, should the platform reinstate President Trump it could cause a huge momentum trade in the stock to the upside.

Very importantly, the stock saw a surge in buying volumes around the lows of the day on Monday, which would certainly imply that the stock had massive buying interest at bargain levels. This could also mean that traders and investors are still bullish towards the stock.

Potential negative catalysts down the road could be lawsuits brought against the company, which would certainly cause further losses in the stock. Furthermore, founder and CEO Jack Dorsey is coming under tremendous pressure from conservative voices at the moment.

Other platforms, such as Telegram have seen huge user growth since President Trump was banned from Twitter. The platform works on a strict security protocol and may not been as vulnerable to server shutdown as Parlour.

Traders also have to consider the long-term prospects of Twitter. Huge population growth in Africa, and the rise of social media across the world, the company still has significant growth potential this decade, and the upcoming Biden administration may take a more lenient view towards Twitter.

From a technical standpoint, Twitter’s stock does look good right now, and a recent breakout on the charts is still valid, even after yesterday’s huge 10 plus percent price correction.

Twitter Short-Term Technical Analysis

The four-hour time frame shows that a large price gap is still present on the charts after Monday’s huge plunge lower. We should not be surprised if bulls move to close this price gap at some point.

According to technical analysis the gap is located around the $50.00 level, making it a perfect psychological marker and technical spot for short-term and intraday traders.

Source by ActivTrader.

Traders looking to fade any strength into the gap may sell around the $50.00 level in expectation of further weakness.

To the upside, price stabilization above $50.00 could start a ripple effect, and cause technical buyers to pump the stock higher towards $57.00.

Twitter Medium-Term Technical Analysis

Looking at the daily time chart the overall technical importance of the $44.00 support level cannot be understated at this current moment in time.

A huge technical breakout from a broading wedge pattern is in play while price trades above the $44.00 level. This could mean that a huge upside move is coming if bulls continue to defend this level.

Source by ActivTrader.

According to the overall size of the pattern, Twitters stock price could surge towards the $80.00 level. Traders should be aware if price breaks back inside the wedge then a huge sell-off could take place towards the bottom of the pattern, around $20.00.

Tags: Donald TrumpTelegramTwitterWall Street

Read also

Photo by Photoholgic.

Gold Technical Analysis – $1,880 now key

21 January 2021

Market optimism high ahead of ECB policy meeting

21 January 2021

Market insight – How are traders positioned this week

20 January 2021
Photo by Michelle Spollen.

USDCAD Technical Analysis – Primed for a reversal

20 January 2021

S&P500 Technical Analysis – Watching bearish divergence

20 January 2021

Market Steady Ahead of Biden Inauguration

20 January 2021

Follow Us


CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Add New Playlist