DanV
Short

Twitter - Chart is wittering limited upside for price if any.

NYSE:TWTR   Twitter Inc
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16
With the earnings announcement due tomorrow, no doubt many hopefuls will be expecting further price appreciation for Twitter .

However, the price action in the chart is appearing to be wittering loud and clear that any upside is likely to be very limited as it could have already entered in the new bearish cycle with intermediate target being the last low in May 2014.

This would particularly be the case if the wider equity market also experience anticipated weakness.

As always be sure to do your own analysis. If you like my analysis select to follow me if you haven't already and select to follow the charts for any updated and share is with your trading circle.

Comments

Well I wouldn't be a buyer of Twitter right now. Actually I just joined it about 2 weeks ago and frankly I put it way behind Facebook with usefulness. I have heard over the last few weeks about traders warning about there being more downside to it's future. I guess if you ask yourself If Twitter busted and went bankrupt would the world really care? Now if the same thing happened to Facebook I think the answer would be YES we miss Facebook. The RSI is telling the story here. BED
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DanV glennjoy1
Indeed. Thanks for your comments.
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Thanks DanV for highlighting TWTR. Shorted and made some $
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DanV greyson92
Congratulation.
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What a shellacking
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DanV minbari
Not sure what you men by shellacking. Collapse you mean?
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Sorry, it means to basically smash or defeat very decisively:

http://dictionary.reference.com/browse/shellacking
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minbari minbari
The twitter price that is ;)
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DanV minbari
Ah, OK I follow. Yes and it might be just a start with more to come.
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