Twitter Inc (NYSE:TWTR) earnings were horrible. There is no denying it. However, the stock price action has not been a total disaster and may in fact show signs of major upside. After last week's price action, I am bullish on Twitter. Let me explain. Early last week the stock broke below major support at $16.25 and hit support at $15.70. This was ugly price action. However, later in the week Twitter bounced off $15.70 and recaptured $16.25. This reversal in price and recapturing of major support is extremely bullish. Put this on your buy list for the week.
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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.