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

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

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!

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Bitcoin Skyrockets Ahead of ETH Merge and US CPI Release

First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.

Choose your payment system

Feel the Team Spirit

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