The power of Twitter is incredible. There is no social network I know where you could find *quality* information from the best minds in the world and have a conversation after (or troll fest). The users have an incentive to share their best ideas in words, so the show-off contest is in its ideas. But even the chart shows how challenging it's been for Twitter to monetize optimally.
I think this is the simplest way of looking at Twitter's stock: Twitter's been congested in this triangle for 6-7 years and likely has more to go.
There are a few reasons I'd avoid it for now even if the "ideal" entry gets triggered between $23 - $26. For me, it's the opportunity cost of potentially waiting too long for the stock to develop. I think it's a good long term investment from the mid 20s, but again, it may take a few years before it sets off to bullish territory.
I think this is the simplest way of looking at Twitter's stock: Twitter's been congested in this triangle for 6-7 years and likely has more to go.
There are a few reasons I'd avoid it for now even if the "ideal" entry gets triggered between $23 - $26. For me, it's the opportunity cost of potentially waiting too long for the stock to develop. I think it's a good long term investment from the mid 20s, but again, it may take a few years before it sets off to bullish territory.
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I was wrong on how long this would take. With Twitter's subscriber model it looks like a game changer for the company. I am not long but if you are this is a nice hold.
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Major overhead resistance in red rejected price on earnings day last week and continue to bring prices down. IMO the chart is significantly damaged and will require further consolidation.
Trade active:
Finally getting above that key $56 level. I think this could be it.. I went long some here
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I expect all time highs to be broken. How soon .. we'll see.
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TWTR uptrend looks like it's almost ready to go. Expecting something like this