Warrenbuffet
PSTH: SUPERBULL BIASNothing much could be done to technically analyze PSTH given that it has a short historical data (just IPOed).
However, given that it is a blank check company (SPAC) with potential to raise more capital to acquire long-term high growth companies and some hardcore value investor and highly intelligent men are behind this SPAC, we could only imagine the upside that PTSH shareholder might get.
Looking forward to enter around 25 level and hold it for long term.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
Twitter Time to Short and Hold Crash Ahead ?Company Details
Full Name Twitter, Inc.
Country United States
Employees 5,200
CEO Jack Dorsey
Stock Information
Ticker Symbol TWTR
Stock Exchange New York Stock Exchange
Sector Communication Services
Industry Internet Content & Information
Unique Identifier NYSE: TWTR
IPO Date November 7, 2013
Description
Twitter operates as a platform for public self-expression and conversation in real time United States and internationally. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers a set of tools and public application programming interfaces for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content. Further, it provides subscription access to its public data feed for data partners. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.
The IPO opening print also marks the 50% retracement of the downtrend into 2016, highlighting the need for skeptical buyers to come off the sidelines here and lift the stock into the $50s. The uptick has just eased into a trading range that acknowledges resistance, so a positive catalyst may be needed to trigger a breakout. That could be a tall order in the fourth quarter, given the extraordinary challenges. As a result, there isn't much to do except to wait and watch price action in coming weeks.
The Bottom Line
Twitter stock has returned to seven-year resistance and still give no clear break out above the IPO 50% Retrace Level, Ahead elections Covid-19 $ Crash may lead s&p500 and major stock market to down side,
we can expect a twitter crash or Correction to down side soon!
Best Regards:
RideTheMacro
RidetheMacro|11 GOLDEN TRADING RULES FOR TRADING 💎📌 GOLDEN RULES FOR TRADING 💎
📍 1. Don’t break your rules -
The first and foremost rule of share trading is to never borrow capital to invest in share market. Test your trading setup and its logic through paper trading or back test it with the available data. Then start with small quantities or a single lot etc. So don’t break the set rules , you made them for tough situations, just like the one you’re probably in right now.
📍 2. Don’t believe in a company -
Trading is not investment. Remember the charts and forget the press releases.
📍 3. Don’t seek the Holy Grail -
There is no secret trading formula, other than solid risk management. So stop looking for it. Always do trade keeping your trading capital into consideration. Don’t over trade.
📍 4. Don’t forget your discipline -
Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge. Maintaining stop loss is one of the key discipline parameter to be religiously followed.
📍 5. Don’t chase the crowd -
Listen to the beat of your own drummer. By the time the Crowd acts, you’re probably too late. Or too early. Don't chase the Retails.
📍 6. Don’t ignore the warning signs -
Big losses rarely come without warning. Don’t wait for a lifeboat to abandon a sinking ship.
📍 7. Don’t count your chickens -
Profits aren’t booked until the trade is closed. The market gives and the market takes away with great fury.
📍 8. Don’t have a paycheck mentality -
You don’t deserve anything for all of your hard work. The market only pays off when you’re right, and when your timing is really, really good.
📍 9. Diversification of portfolio -
Do not put all eggs in one basket.
📍 10. Don’t expect to make profit everyday -
If you consider that you can make profit on every trade, you are 100% wrong. Always be flexible and accept the fact as soon as you realize that you are on wrong side of the trade. Simply exit the trade without changing your strategy during the market; it may cause you double losses. Always follow stop loss. Treat trading as a BUSINESS and Earnings (profits) & Expenditure (losses). Learn to like losses as they are the part of the business.
📍 11. Never add to a losing position -
When market has given the verdict that your trade is wrong. Accept it. Just exit from the trade and don’t average it. Don’t take it personally and bring your ego in between. Don’t fight the market. It’s not a one on one thing. It’s one on many.
Share your comments ideas below to make Things more better.
Thank You.
BAC LEAPS BAC looking to repeat this pattern, looking to retest 55 within these next couple years. Bounce off my support zone at 18.04 making its way up to retest 35.40 break that we could see an overall move up to $44. Perfect stock to add to your long term portfolio. Warren Buffet's second largest holding in his portfolio is BAC so why not invest and follow the most successful investor of all time. Shares are a good hold and ITM calls for 01/2022 are perfect to add to the portfolio.
SU SUNCOR OVERSOLDSU SUNCOR is oversold, and I'm using 3 indicators to confirm that.
The reasons why I bought now:
Warren Buffett added SU
George Sorros added SU
and lastly, because it is oversold.
It is also a common consensus that this company will flourish if JB wins the US election.
Happy trading and hit like if you found this useful and helpful.
Thanks, E
KHC - gap-fill above 18% upsideWB's loser stock is performing this year. Hell, it even broke a downtrend by making a HH. It is resting at support atm with MA below it. With restaurants and businesses starting to open, their sales should also increase in that segment. The home segment is also buying more than before so there should be a good case for a profitable Q.
I would start building position and looking for immediate profit level 1 at the gap-fill at around 40$+.