Twitter (NYSE-TWTR)- Phoenix rising from the ashes?
Recently SG market has been boring and difficult to trade,hence I decided to look abroad for opportunities in the US. One stock that I called was Twitter which gave a good run from our initial call at 34++ to 40++ recently.
I am currently vested at at average price of 35.
Twitter has recently produced a great turnaround results and also I noticed on the charts a big opportunity in Twitter. In the following paragraphs I will be giving you my humble analysis on Twitter and why we think it could be a phoenix risen from the ashes.
Weekly Chart Analysis
In the weekly chart, we clearly see a cup and handle pattern and last week it broke out the based formed. This is a bullish signal especially given the weekly timeframe that we are looking at.
Daily Chart Analysis
On the daily chart twitter broke out of consolidation pattern of ascending triangle and rose on increasing vol. This is also another bullish pattern that we see.
Fundamental news you can look at:
On the fundamental front, Twtr has been having major catalysts like inclusion into S and P, results turnaround and revenue growth acceleration which all supports the technical analysis side of things.
However, the above is my humble analysis and is not a BUY or SELL call. so Please DYODD.
Interested in joining our community and receive live Satki calls, please refer to this
Disclaimer:The contents of this website are provided to you for information only and should not be used as a basis for making any specific investment, business or commercial decision. These pages should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction
