In short: Twitter is looking
Elliottwave analysis: It seems to me that on the longer term we have finished an a,b,c move, meaning we are headed downwards. If it is a wave one of a greater move, which is very well could be, we are looking to move down to the 30$ levels. Although this will not happen immediately, and I believe will take some time.
Analysis: The is telling me that we are about to start heading down. On the daily, we can see that there is long term divergence and we have just crossed over on the 12 hour and the daily. In addition to this, we are also starting to see some longer term divergence on the histogram. I would highly, highly recommend a longer term short, since I believe in the next couple of days we will be seeing some positive movements before the drop starts. I wouldn't be suprised to see a retest of the 42 dollar before the drop down.
Pattern analysis: I am unsure if this falls under or pattern analysis, but we seemed to have broken out of a longer term diagonal, meaning that we can expect a fast move below the start of the wave. We are most likely going to retest the lower boundary of the diagonal. I would also recommend that you get out if we end up reaching a new high, since this would imply my is wrong.
Overall: I am looking very at twitter . The market seems to be retracing, and I don't think that this stock is an exception. Be careful, manage your risk, and enjoy your day.