It's not exactly breaking-news that Twitter tumbled shortly after it's IPO
. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire.
closed the day just below the edge of resistance. Recent price action appears to have a decent bullish
footing with bullish volume
and confirmation combined with bullish
momentum. Should the stock retreat, I'm looking at the 35 price point for support. A gap up from here could bypass the immediate overhead resistance and possibly set the target to 47.
A tweet for thought.