andrew.berg
Long

TWTR #RIPtwitter is overtwitted

NYSE:TWTR   TWITTER INC
90 0 2
Overview:
Twitter came the long road from mid $50s to recent low at $14. Usually, when crowd is saying (tweeting) that company is dying, that is when you have to be concerned about potential bottoming. Wall Street demands profits and growth from a company that's still finding its way.

Technicals:
After its earnings, stock bottomed near $14 level and spiked up from there on big volume . It broke up bear trend line and now consolidates near the top above 8/21 moving averages constructing a nice bull flag.

Trade and Risk-management:
Break of $19 will trigger Long entry with stop below $17 and potential target at $22. That makes this trade attractive from Risk/Reward point of view (1:2)
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