A couple of weeks ago, we shared an analysis of Twitter stock. Twitter stock price was at a strong demand imbalance on the monthly timeframe and we were expecting price to move higher because of that. Twitter stock had been dropping for a couple of months after breaking all-time highs last March 2021. However, a strong imbalance had just taken control around $54 per share. Buy opportunities were possible on Twitter stock during May 2021 and there will probably be more for a few weeks.
As a supply and demand trader, we should have thought of buying shares of Twitter TWTR stock or maybe using bullish stock option strategies if you are an options trader.
Take a look at Twitter stock price shared with you last May 4th 2021. We were expecting a good reaction from that imbalance at around $54 per share. See the previous Twitter analysis shared with you at the beginning of May 2021.
Now take a look below at the same tock about three weeks later as of the 31st May 2021. Twitter stock price has started to move as expected and buying opportunities are starting to play out. It’s time to manage the trade. Could Twitter stock price tank and drop to zero eliminating the imbalance? Of course, anything can happen. However, probabilities are on our side and trading is all about having the odds on our side and taking every valid trade blindly. We can’t arbitrarily choose which ones to trade or to ignore, we must take every valid trade as long as it follows our trading plan.
Watch Twitter video analysis for June 2021 below
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances for Twitter TWTR stock.
Trading Twitter stock supply and demand imbalances are ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) for Twitter stock if you are in a country where it’s allowed.
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