25/10/2022
Twitter shares soared last Tuesday after Tesla CEO Elon Musk said he intended to proceed with his original offer of $54.20 per share to acquire the social media company.
The market is pricing in just a bit more than the odds of a coin toss that Elon Musk’s deal with Twitter Inc. will close by Oct. 28, a court-issued deadline. That’s the calculation from Aaron Glick, a merger arbitrage strategist at Cowen Inc. Cowen makes markets in, and is long equity options in, Twitter.
Will Twitter continue gaining or return to its lower price after investors’ excitement cools down?
Join us https://www.rangersstocks.com , to follow the moves of Twitter shares and learn more about the US stock markets.
15/10/2022
Learning to recognize reversal patterns is an important skill for beginners. Let’s look at four common patterns: The Triple Top, The Triple Bottom, Double Top, and Double Bottom.
🔽The Triple Top
The strength of bulls is fading, so expect the price to decline soon.
Prepare to open a Down trade.
🔼The Triple Bottom
The strength of bears is fading, so expect the price to reverse upward soon.
Prepare to open an Up trade.
🔽Double Top
A bullish trend will reverse soon because the buying pressure is weakening quickly.
Prepare to open a Down trade.
🔼Double Bottom
The bearish trend is losing momentum, and the price is likely to rise soon.
Prepare to open an Up trade.
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15/10/2022
Don't miss these influential economic events. Use them in trading to build a profitable strategy.
15/10/2022
Basic knowledge alert! Understanding what different patterns mean can set you apart from other beginners. Let’s look at 4 common patterns: The Rectangle, Cup and Handle, Flag, and Wedge Patterns.
🔼The Rectangle Pattern
The market is pausing before resuming the trend that entered the rectangle.
Prepare to open an Up trade.
🔼The Cup and Handle Pattern
The bears are running out of steam. Expect the price to rise.
Prepare to open an Up trade on the breakout of the handle portion of the pattern.
🔽The Flag Pattern
The market is consolidating before a breakout to the downside.
Prepare to open a Down trade.
🔼The Wedge Pattern
The market slows down before the bullish trend resumes.
Prepare to open an Up trade.
Save this post to build your knowledge base.
