TRENDING:

GBP/USD

XAU/USD

Twitter (TWTR Stock) deal to coincide with seasonals? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

When Elon Musk announced that the twitter deal was on ice, share prices started to tumble back down towards key daily support at 32.00. Elon Musk’s concerns was over how many of Twitter’s accounts were so called ‘spam accounts’.

However, the deal is not entirely off. On Tuesday, Elon Musk stated that a viable Twitter deal is ‘not out of question’ at a lower price. Furthermore, Twitter CEO’s Agrawal says internal estimates of spam accounts for last 4Q were ’well under 5%. This is in contrast to Elon Musk who said that there was ‘no way to know’ the number of bots on Twitter, but the lowest estimate would be 20%.

So, will Elon Musk push through with the Twitter deal? Will he solve the spam account issue and work out how many bots there really are?
If he does, twitter has some extremely strong seasonals.

Over the last 8 years Twitter has gained an average of 18.11% between May 18 and July 23. The largest gain was in 2021 with a 39.63% profit. The company only lost value during this period once! Time for more gains to come?

Major trade risks: If Elon Musk backs away from the deal completely then Twitter’s slide in share price could continue. If global growth shows further signs of slowing then global stocks can continue to fall lower.

Learn more about HYCM

Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2025