In the past few weeks a wedge has formed that now seems to break out in the 3/4 range. We were also able to overcome the MA50 with high trading Volume . Compared to its direct competition from the tech sector, Twitter has a favorable price / earnings ratio of 15. The fact that the NASDAQ-100 has some catching up to do with the S&P and the Dow supports my thesis that Twitter will gain enormous momentum with the quarterly figures at the end of April. I am very confident about this stock. My target price: $ 100
@RaffaeleL, honestly I think it might even tap 63 - 62 as the broader market tops out, idk. Might wait a couple days. If i'm wrong then it will be back up in that support area as originally planned so win win. I don't think it's worth doing a straddle
RaffaeleL
⋅
@rundmz23, sure. Wait for the signal to get in. I already bought at 63. :-)
Tim_yang98
⋅
Nice. I agree with Twitter also. Hopefully we can see another day or two of selling to go long on this thing.
RaffaeleL
⋅
@Tim_yang98, i think we reached a good entry—level. It shouldn‘t be falling deeper than 67$.
Tim_yang98
⋅
@RaffaeleL, Tech saw bleeding today, gonna watch for continuation of sell of and see if Twitter follows. After we can confirm, I will be buying at support levels.