Twitter (NYSE :), the favorite social media platform of US President Donald Trump, plans to report revenue on Tuesday, April 23, before the market opens. For an EPS of $ 0.15, the consensus expectations are slightly lower than the $ 0.16 posted the same quarter last year, on sales of $ 774.32 million, significantly higher than the $ 665 million that was recorded last year during the corresponding quarter was entered
For the company, the company once met EPS expectations and defeated the remaining 19 times. In the same period, Twitter missed out on revenue four times.
Since the lowest level of $ 26.19 December, Twitter shares have won more than 30%. The stock closed $ 34.40 for the weekend. Technical analysis indicates a larger share share.
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The price has been congestive in the form of a pennant since April 10, rising after the $ 3.44 or 10.77% jump in the 9 sessions between March 28 and April 9, a conservative measure of targeting the patterns from the breakout point.
If the pattern is complete – with an upward breakthrough, demonstrating that demand absorbs all local supply and is willing to go higher to find susceptible sellers – it will complete a much larger, complex H&S. set soil, in fact since July 2008. That goal, measured by the height of the H & S, is more than $ 10 of the upward penetration of the neckline.
Another example of how different technical forces come together: that goal would coincide with the expected resistance of the June-July 2018 congestion.
Trading Strategies
Conservative traders would wait for an upward outbreak of the H & S, because its neck represents a potential resistance in the upward outbreak of the pennant.
Moderate traders are likely to wait for an upward breakthrough that would be higher than the April 9 height of $ 35.39, the highest point of the pennant, confirming the resistance of the February 6 high, followed by a return to test the integrity of the pattern again, with at least one long green candle engulfing a red or small candle of both colors.
Aggressive traders can now go long, depending on the support from the bottom of the pennant, provided they are able to withstand unexpected losses due to disappointments in profits, which can cause Twitter shares to tumble under a stop-loss in the middle of slippage.
Trade sample
Listing: $ 34.30
Stop loss: $ 33.80
Risk: $ 0.5
Target: $ 35.80
Reward: $ 1.50
Risk-Reward Ratio: 1: 3
