$TWTR consolidating.. to the up side?$TWTR rises after Elon musk bought a 9.2% of Twitter a few days ago and slowly pulls back, and the price consolidate for a few days. despite the 2 day selloff in the market especially in technology stocks, Twitter held up the price between $44-49 and close slightly higher before the market close last Friday.
From a technical perspective, there's a high possibility that twtr could break out next week if it continues to consolidate and if the market decides to bounce after last week's selloff. also, keep in mind that #TWTR earnings are coming up. so play cautiously. in my experience when the company has earnings announcement after market close. the stock usually rises when the stock misses the earning estimate and pulls back after-hours after the announcement. but when the stock has good earnings the stock sells off and rises after the announcement after the market closes. it also sometimes consolidates for the whole day before earning announcement after market close. but this is just my observation of every earnings announcement and I'm sure you notice this kind of movement before.
Below is my strategy for day trading or scalp play for TWTR
TWTR: Day trade or scalp target play: 04/25/22
Buy call above 49.43 sell at 50.70 or above.
Buy puts below 47.70 sell at 46.77 or below.
option open interest: ideal expiration date: 4/29/22 (risky) 5/06/22, 5/20/22, 6/17/22
Hello everyone,
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