 Welcome traders to another TickMeal earnings report. Preview with me, Patrick Munnally. Before we jump into today's report, it's important that we adhere to the risk disclaimer. The material provided is for information purposes only and should not be considered as investment advice. The views, information and opinions expressed by me in this recording are solely mine. They're not addictive or representative of those held by TickMeal UK or TickMeal Europe Limited. Equally important, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% and 65% of retail accounts lose money when trading CFDs with TickMeal UK and TickMeal Europe Limited. Okay, let's jump into today's report and we are focused on Twitter. Twitter released earnings on Thursday before the New York Open and the earnings per share consensus is 0.01 cents on a revenue of 1.22 billion. There is a whisper number out there that earnings per share could come in as high as 0.05 cents. Obviously, there has been a Ferrari of news around Twitter this week with Elon Musk's takeover of the stock, the focus for investors on the report, the earnings release, is going to be really about how effective Twitter have been in generating advertising services revenue. Last time, I saw 4.5 billion or about 89% of Twitter's revenues for the financial year 2021. The segments revenue rose 40.5% compared to the year before 2020. Twitter generates most of its advertising revenue by selling promoted products, including promoted ads and Twitter amplify, follower ads and Twitter takeover to advertisers. The company creates tailored advertising opportunities by using an algorithm to make sure promoted products make it to the right users timeline, search results, profile pages and tweet conversations. Advertisers have the ability to target an audience based on multiple criteria. Twitter provides ways for advertisers to build and grow an audience interested in the products or services they are offering. Advertisers also have the option to pay for ads that will appear at the top of trending topics or a timeline, while the majority of revenue from advertising services is generated through Twitter's own and operator platform. A small portion of advertising products, Twitter sales are also placed on third-party publishing websites, applications and other offerings. This is going to be key metrics to focus on in the report. If we think now about the statistical trading patterns around the earnings release, the stock has moved higher in the immediate aftermath of earnings, 6 out of 12 previous reports. On average, the stock moved down, however, minus 1.5% in the first day of trading after the company's reported earnings. Based on the previous 12 earnings releases, Twitter is more likely to trade lower one day after earnings from an average loss of 2.1%. The stock has moved lower one week after earnings, 7 out of the previous 12 reports. On average, the stocks moved down 0.5% on the five-day performance post-release. Let's see what the options market is telling us, while the options market is pricing in a 12.3% move on earnings and the stock has averaged a 10.9% move in recent quarters. From the flow and sentiment perspective, Tuesday, April 19th, before the Elon Musk's announcement with respect to his interest in acquiring Twitter, there were some notices about buying 6,700 contracts of the $60 call expiring on Friday, July 15th. In general, option order flow sentiment is bearish. Investor sentiment going into the company's earnings release has 34% expecting an early speed. Consistence estimates offer earnings to decline year-over-year by 95% with revenue increasing by 17.76%. Short interest has increased 98% since the company's last release, while the stock has drifted by 33.8% from its open following the earnings release to be 4% below its 200-day moving average at $50.95. Let's take a look at the technical setup and see where potential trading opportunities may present. We've got the acquisition pop in the stock traded up just above the offer price of $54.20. Notably, it traded to symmetry swing resistance pretty much to the tick there at $54.70, and that's where we saw some supply coming into the market. What we're looking at here on the daily timeframe is the potential now for an ABC corrective move to certainly test $42.27 as the equality objective and then just below into that $39 area of basically filling that gap from the pop with respect to the acquisition announcement. From there, I'd watch for bullish reversal patterns as opportunity to engage on the long side looking for a move up to test back into the trend channel resistance at the $57.30 area. At this stage, only a closing breach of $36 would be a bearish development and suggest that we are likely to drift lower and target a test of trend channel support down to $26.30. As always, traders, plan the trade, trade the plan, and most importantly, manage your risk. Until next time, thanks very much.