We can reenter TWTR longs safely at the open tomorrow here.
After Disney and Google backed off from bidding to acquire TWTR, the stock sold off drastically but now landed on a key earnings support level, so it's logical to expect a technical rebound here. We can enter longs at market open tomorrow, risking a drop to 15.70. I would stick to 0.5% risk for this one, or consider selling puts (or using a risk/reversal option strategy) to profit from the expected rally.
CRM is still in the table, so, we might see some positive news come out, and buyers step in to support TWTR here asap.
Good luck,
Ivan Labrie.
After Disney and Google backed off from bidding to acquire TWTR, the stock sold off drastically but now landed on a key earnings support level, so it's logical to expect a technical rebound here. We can enter longs at market open tomorrow, risking a drop to 15.70. I would stick to 0.5% risk for this one, or consider selling puts (or using a risk/reversal option strategy) to profit from the expected rally.
CRM is still in the table, so, we might see some positive news come out, and buyers step in to support TWTR here asap.
Good luck,
Ivan Labrie.
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Holding support.
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Looks good.
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SoftBank interest rumored. Finally moving again today.
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Paying off...
