Has dropped past support of C. Not good. Gap down on large volume. OUCH!
If a stock gaps down and forms a doji, it may be worth a second look. TWTR did not do this.
Perhaps TWTR will find support in China? Perhaps the current administration will buy it so they can control tweets? But they already control all the tweets so what would be the point?
I guess a lot depends on how the market goes next week.
No recommendation.
If a stock gaps down and forms a doji, it may be worth a second look. TWTR did not do this.
Perhaps TWTR will find support in China? Perhaps the current administration will buy it so they can control tweets? But they already control all the tweets so what would be the point?
I guess a lot depends on how the market goes next week.
No recommendation.
Note
I am not sure what happened at earnings, but you can look at the engulfing candles in the last week or 2 and see it was getting primed for a drop. Engulfing candles are very plentiful in the market charts, but when so many occur close to earnings, it is a good idea to take them seriously as smart money already knows things the general public does not know )o:Note
There is also another engulfing candle I forgot to mark in the last week before earnings.
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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.