$TWTR: Board approved the merger...

Now that the board unanimously approved the merger, and the broad market is staging a relief rally or even a bottom, as inflation being under control potentially sets the stage for the Fed to pivot and stop hiking (at least this is what the market might be pricing in), TWTR offers a good reward to risk entry to go long and pull off a merger arb trade here. Upside capped at $54.2 or lower if Elon bids less for the company after reviewing the real time data he obtained recently. Technicals and broad market risk improved substantially to revisit this idea and go long.

Good luck,
Cheers.

Ivan Labrie.