SNAP Earnings Lifting Twitter (TWTR) Creating a Tailwind in Sympathy?
Twitter (TWTR) moved above short-term resistance pivots, in sympathy with the same crowd trading SNAP no doubt. The latter popped on earnings (+24.30%) after hours, providing a tailwind for Twitter (TWTR) which has its own earnings report due on Thursday BMO.
Similar to recent Apple price action, Twitter is rising above short-term pivots, as the latest wave or cycle up accelerates. RSI and MACD are bullish, as price action closes in the top of its 60 minutes candles most of the time, since crossing back above the 20ema on January 30. RSI for one has stayed above 50, suggesting the 60-minute trend (20ema) will support pullbacks assisting the current bullish sentiment.
Daily price action is contained within a narrow band between 26.19 (+/-) and 37.13 (+/-) since the disappointing gap lower in August.
If the indices recover from early session weakness, the tailwind provided should be enough to lift Twitter higher into Thursday’s report.
Futures are rising, after a brief dip this morning.
Pre-market action: Reference recent comments on AMD, AAPL as the stocks are trading higher. TWTR (+2.15%) in the early session.
Join us today for our LIVESTREAM broadcast during market hours, as we trade Twitter (TWTR), Apple (AAPL), Advanced Micro Devices (AMD), ROKU, Facebook (FB), Microsoft (MSFT), Tesla (TSLA) and other recent positions.
Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.
Want to become a member? Check details here:
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advise” to enter any particular position or asset.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.