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May 2, 2015 9:09 PM

Twitter $TWTR - Long Long

Twitter, Inc.NYSE

Description

After more disappointing results from Twitter this week the stock took a nose dive down to the 37 mark. It is the largest daily move since the company was floated in Nov 13.

I feel as if it has now been oversold and this is a great opportunity to get a long with potential to hit $46 in the next few weeks. Technically price has reached the ascending trend line and we should see a bounce from here.

If price continues to descend 36 will be a more optimal level to enter at.

Stops at 34.
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