TradeTheTrends

TWTR, TIME TO BUY!

Long
NYSE:TWTR   Twitter Inc
Hello fellow traders and investors, here's another trade idea.
TWTR has recently pulled back to the bottom of the channel which happens to be a key level. If TWTR makes it back to the top of the channel it offers a 24% ROI .

Technicals:
The Macd indicates that it's oversold and in a downtrend.
The RSI is very oversold
The has been exhaustion in the selling volume which means we could start seeing some buying volume .

When To Buy:
Now

When To Sell:
I recommend selling at the top of the channel.

Fundamentals: Twitter , Inc. is a global platform for public self-expression and conversation in real-time. It provides a network that connects users to people, information, ideas, opinions and news. They have a P/S of 13.8, a debt/equity of 0.44, a sales growth Q/Q of 28%, an EPS growth Q/Q of 85.80%, a profit margin of -33% and a short float of 3.64%.

Rating: 65/100 the technicals are very good but the fundamentals aren't great because of their profitability sitting at -33%.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.

Comments

Do you think TWTR is a good buy?
Reply
alfredsnchez TradeTheTrends
@TradeTheTrends, Yes, good things about to arrive, HOLDING
Reply
@alfredsnchez I believe so too, long!
Reply
vladimirderer TradeTheTrends
@TradeTheTrends, poorly holding ..... on weekly still enough space to go DOWN - shorting !
+1 Reply
@vladimirderer Good luck :), I am personally not invested so I will be watching what happens.
Reply
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