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.
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.