| Musk began buying Twitter for $44 billion in March. Some believe Musk's contract was a mistake, and they point to the fact that he's eager to expose his dirty laundry in court as proof. Musk may be ordered to buy Twitter against his will but I leave those considerations, and focus on the relative strength of Twitter's (TWTR) stock price and technical analysis. TWTR stock has been strong while its US peers have been selling. And how Twitter stock is stronger overall. The analysis also examines the current twitter stock price chart for patterns and price levels. Twitter's quarterly earnings report is Oct. 25. (not confirmed). Following this event, the stock price may rise or fall sharply. The average predicted move after earnings announcement was 10.2% vs. 9.5%. (in absolute terms). Investors and traders should consider TWTR's implied straddle value before earnings. Visit ForexLive.com at https://www.forexlive.com/technical-analysis/twitter-stock-analysis/ for the full analysis and watch the comments section for possible updates. |
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