Great risk to reward entry here, as TWTR has been consolidating and has found support. My bias is to the upside. Will be a great entry for swing and Position trading. Gap fill awaiting to be filled, Provided the market Keeps grinding higher.
Twitter is forming a great base for take off. The prior two bases yielded some nice gains and this one is setting up the same way.
Description in the graph.
Detailed analysis on chart-- credit to DanV for the perspective
Analysis on chart.. keep in mind they are monthly/weekly time frames
Twitter Inc (NYSE:TWTR) is consolidating in a bull flag pattern. This should lead to upside. The target is $44.80. Twitter ripped big time after reporting earnings last week. It has since pulled back, hitting the gap window at the lows today. This has solid potential. Note the Twitter Inc chart... Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
Technically it's having some trouble breaking out above the cloud but it should happen this week. Then the cloud should become support for this stock. RSX shows it's a little overbought indicating it may consolidate a little more. General consensus on this stock seems to show some concern - however there isn't much expectation either. I am expecting Twitter to...
Most of the information is on the chart. Recent news driving the stock up: 1. Twitter integration into Xbox One therefore you could tweet straight from your xbox console and see what others are tweeting about without using your phone nor take your attention away from the television. 2. NEW YORK (TheStreet) -- Twitter (TWTR_) rose Thursday after the social...