Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
Twitter hit record high. Will earnings push it higher?

Twitter hit record high. Will earnings push it higher?

Information is not investment advice

Twitter reached the all-time high of $56.50 on Thursday. Actually, it’s heading for the best week in almost two years. The stock regained its losses after falling in January’s second half. The drop was caused by concerns that people could massively leave the app due to some political issues. According to Forbes’ machine learning analysis, Twitter has a 54% chance to rise over the next month. 

According to BK Asset Management, “Twitter, to me, is the Cadillac or the Mercedes Benz ... of financial information. Twitter is probably the single best long-term buy when it comes to social media platforms because of the quality of its content and the quality of its product.”

How to trade on earnings report? 

Twitter will publish its earnings report on the night of February 9-10. The exact time is February 10, 01:00 MT time (GMT+2). The initial forecast is $0.29 per share. 

  • If the actual earnings are greater than the estimates of $0.29, the stock price will jump.
  • If the actual earnings are less than the estimates of $0.29, the stock price will drop.

Technical analysis

Technical indicators point that the price is about to enter the overbought area: the price went above the upper line of the Bollinger Bands and the RSI is heading to rise above the 70 level. Since Twitter has been trading inside an ascending channel for over a year, we would expect the price to pull back from the upper trend line near $60.00 rather than break out. However, the strong earnings results may boost the stock to jump above the upper trend line. The next resistance will be at $65.00. Support levels are at the low of December 30 at $54.00 and at the 50-day moving average of $50.00. 

TWTRDaily.png

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.
  3. Start!

LOG IN

Similar

How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

US Interest Rate Slowdown?

The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…

Bewitching predictions for 2022

Hello from the far 2022! FBS analysts have used some magic to travel to the future and brought you some hilarious predictions.

Popular

Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later