Twitter Inc (NYSE:TWTR) - Breaking out

M

miguel007

Time to buy ...in breakout mode now...

Source: Stocks to keep an eye on January 12, 2015

sc.png


"Twitter Inc (NYSE:TWTR) attempted to push lower in the last trading session, slipped below 38.5 but closed the day higher at 40.17 on decent volume, above the major horizontal resistance line and the 50-day EMA for the first time since October 2014, as you can see on my daily chart. This fact confirms and keeps the bullish scenario intact. I think we could still see further upside attempts next week re-testing the 42 resistance area. Further, the MACD still rising and the RSI remains above 50 levels, suggesting continuation of the uptrend on the daily charts."
 
Too early to call it a breakout, needs to regain this broken trendline first but it's certainly going for the test. Big fan of the realtime search they provide.

Bit of a warning though, earnings early February, the certain type of event that wipes ass with technicals.
 

Attachments

  • t.png
    t.png
    55.6 KB · Views: 55
Twitter is joining S&P 500, replacing Monsanto. The stock is up 3% after hours.

The uncertainty of Twitter's stock price is very high, given questions surrounding the company’s ability to expand and monetize its user base.
 
You must log in or register to reply here.
Back
Top