Twitter is at the crossroads. Turn up or die.
Hi everyone,
Today we are taking a look at
TWTR stock.
This poor bird has been flying down at an astonishing rate.
However, unlike most young tech companies, this bad boy has been to hell and back again.
TWTR was scraping the bottom during 2016-2017 and managed to recover eventually.
Now we are in the steep downward channel.
If you zoom out you will see that this week we entered HVN, which is around 31-34 zone.
This is the second highest volume zone in the history of Twitter trading.
Plus, we bounced from the support on the weekly at 32 and this week saw higher overall volume than in the previous down weeks.
Conclusion:
Twitter stock price is looking very attractive right now.
I have no active position, but I will buy some shares at the end of day.
Of course if we don't go limit down for some mysterious reason.
Let me know what you think of Twitter long.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Today we are taking a look at
TWTR stock.This poor bird has been flying down at an astonishing rate.
However, unlike most young tech companies, this bad boy has been to hell and back again.
TWTR was scraping the bottom during 2016-2017 and managed to recover eventually.Now we are in the steep downward channel.
If you zoom out you will see that this week we entered HVN, which is around 31-34 zone.
This is the second highest volume zone in the history of Twitter trading.
Plus, we bounced from the support on the weekly at 32 and this week saw higher overall volume than in the previous down weeks.
Conclusion:
Twitter stock price is looking very attractive right now.
I have no active position, but I will buy some shares at the end of day.
Of course if we don't go limit down for some mysterious reason.
Let me know what you think of Twitter long.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.