I attached a screenshot of the SPY chart in the lower left part (copies the movement of the SP500 index). The technical analysis of the index suggests that the price will continue to fall. The closest target is level 404
Twitter is growing at this time and trading in the local zone above the level of 49.2. The twitter chart is clearly stronger than the sp500 index, so I expect an increase I assume the price will rise from the level of 49.2 to the nearest resistance at 56.08. And in the medium or even long term up to the upper resistance of 66.8
I am pretty sure, just from watching previous buyouts in the past, that as long as the buyout is still valid the price will not exceed $54.20 , because that's the price Elon has agreed to take it private at ... The buyout is expected to finalize in Oct if all goes well so the price will likely slowly creep up to that level from here unless there is new news of uncertainty that comes into fruition, in which, if there is, it will probably fall then depending on severity of news . I have a friend that is selling short term covered calls on it and collecting frequent premiums on it and I am personally just long with some raw shares which I will sell in Sept pre buyout (slightly early). Love the signature on the chart , charting looks killer too~
Michael_Winner
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Keep sharing your great charts dear, agree about TWTR long