TWTR has only been a publicly traded company since 2014, so you may take this with a grain of salt but I trade mostly on longer term historic patterns. TWTR seems to be at a historic resistance price, so I have taken on a small 3-month Exp. Call Credit Spread (which is a Bearish position if you are not familiar with Options).
At this price range, this could be a breakout point, or the pattern could repeat. Take into consideration that TWTR will be announcing earnings October 22nd. A Straddle position could also be a viable option here because of that fact.
With TWTR having such limited history, my overall bias is neutral but holding a small bearish position based on past patterns. If Earnings is positive, I will remove myself from that position and hold off to reevaluate.
I hope someone finds this helpful. Best of luck.
At this price range, this could be a breakout point, or the pattern could repeat. Take into consideration that TWTR will be announcing earnings October 22nd. A Straddle position could also be a viable option here because of that fact.
With TWTR having such limited history, my overall bias is neutral but holding a small bearish position based on past patterns. If Earnings is positive, I will remove myself from that position and hold off to reevaluate.
I hope someone finds this helpful. Best of luck.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.