I've been burned too many times by Twitter, but the upside potential is enormous. Earnings 4/26. Sentiment needs to change for any sort of sustainable uptrend.
Holding since 17ish. Stop is in. Discouraging fade last week. One day this thing is just gonna gap up 25% and run but it won't be until MAU growth is reported.
Twitter generally trades terribly but maybe that changes with a positive sloping 50 day moving average for the first time in several months. R1 is 17.50 and R2 is 19.00, which is my first target.
Can play this one a few different ways. I;d like to be a 5 day moving average pull back near descending trend line for bounce. One could also buy the break over horizontal resistance near 17.50.
Despite big fade today, closed above trendline for first time since last 2015. Wouldn't be surprised to see this squeeze higher.
50(SMA) slope still negative for now.
5 day sloping up.
50 day being tested a few times over last couple of weeks. It has finally flattened and would turn positive with any cooperating price action.
Risking 75 cents below 5 day and micro support in upper 15s gives a nice risk/reward. $20ish would be first target.
Lots of room overhead. Close over 17.10 and we're off to the races. Not sure...
Twitter (TWTR) had many of the characteristics of being a potential big winner. But as is the case in the market so often, what is obvious to the masses, is not what ends up happening in the end.
After its initial public offering in 2013, the stock setup an IPO base and advanced approximately 100% from the breakout. But that is as far as the stock would run. The...
