Twitter (TWTR)

May 3, 2021Trade Ideas

Twitter (TWTR) has become oversold on RSI, MACD, and Williams’ %R.

In fact, if you look at a two-year chart of TWTR, you can see that every time these three indicators align in oversold territory, the stock rebound shortly after. For example, the last time these indicators aligned, the stock ran from about $45 to about $80. In addition, there’s no shortage of bulls. Elliott Management for example bought $200 million worth of TWTR, according to The Street. Cathie Wood’s ARK Invest also bough 1.3 million shares.

One way to trade the over-extension in TWTR is with the TWTR June 18, 2021 55 calls.


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