TWTRhas been running for 4 weeks with a RSI now over 80%
By comparison, META is sideways.
Musk just liquidated $6B in TSLA to fund a contingency
in case the court forces the contract to purchase at $54.20
cnbc.com/2022/08/09/elon-musk-sells-7point92-million-tesla-shares-worth-6point88-billion.html
This may cause buying pressure at the present price
far below the contract price. Potentially a short
squeeze could augment the price action.
This may be a good time for a long entry on TWTR.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.