SpinTrades

TWTR over 53.89 (Multi-year breakout)

Panjang
NYSE:TWTR   TWITTER INC
Shown here on the monthly view, TWTR is working on a huge breakout. From a fundamental perspective I believe its waiting on news regarding either: 1. Subscription or recurring revenue business model 2. Leadership particularly Jack Dorsey the CEO. I like Jack but he splits his time between $TWTR and $SQ. You have to wonder how this company would be run with a full-time CEO. There have been rumblings about a shift so we'll see what the new year brings. I will be taking a long position with enough time ahead of the news but a breakout over this monthly resistance should yield a big move.

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