It's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire.
TWTR closed the day just below the edge of resistance. Recent price action appears to have a decent bullish footing with bullish volume and confirmation combined with bullish momentum. Should the stock retreat, I'm looking at the 35 price point for support. A gap up from here could bypass the immediate overhead resistance and possibly set the target to 47.
A tweet for thought.
TWTR closed the day just below the edge of resistance. Recent price action appears to have a decent bullish footing with bullish volume and confirmation combined with bullish momentum. Should the stock retreat, I'm looking at the 35 price point for support. A gap up from here could bypass the immediate overhead resistance and possibly set the target to 47.
A tweet for thought.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.