kungfuguo
Long

$TWTR reached bottom?

NYSE:TWTR   TWITTER INC
137 0 0
Sorry if this is a repeat, but the other chart was not saved...

Looking at the historical prices, I think $33.5 is likely a medium term bottom. This is based on couple of reasons:

#1: today's candle looks bullish , with fairly strong volume

#2: in the previous drops, from the height of each peak to the lows, the percentage of drop is around 33-38%. Currently, we are about 37% from April's high of $53 (pre-ER). While any bounce might be short to medium term in nature (i.e. dead cat bounce), I do think that a bounce is coming in the near future (which may or may not last).

Fundamentally, I am not sure if there are much that could go wrong with a company that doesn't have a CEO             and whose guidance has been mediocre (at best). I think any news should be more positive than we have now. Let's put TWTR             on our radar and see how it does in the medium term.
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