As Twitter almost halved from its highest point, I do believe Twitter is worth a buy as it finds support from MA 200, previous resistance which now became a support, and of course a Elliot wave correction wave.
Not only that, I do believe the social media industry is relatively undervalued at this point, companies such as Pinterest and Facebook are clearly lagging behind the market, meaning a decent entry to investors to buy.
Based on both fundamental and trend analysis, I firmly believe it’s an opportunity to start buying Twitter. Target price 50, and 60 if you are a more aggressive investor.