TWTR Where is the bounce ? or dead cat bounce ?
So TWTR is a downtrend and bears are in full control over the stock for a long time now and it's overdone.
It starts to fall without any mercy since Oct and it's down 36% from that month without even a dead cat bounce
What I noticed is that
-41-42 is holding as it double bottom around that price range
- a relief rally or dead cat bounce is going to happen and it will happen real quick and trip to 50ish area
- if 41 areas of support don't hold here then a quick trip to 34-36 is going to happen.
- Earnings coming up in Feb and last week Jan or early Feb could send this stock to a bullish run
Overall moving average, for now, is holding the stock down but soon it will reverse and start to act as a strong support if this keeps holding 41ish area
TWTR is not a bad stock, it generated revenue and in long run, there is no direct competition for TWTRS
Trump Social media will create hype and short term interest but long term TWTR space look more secure and logical
Long-term TWTR is bullish but they just had a terrible 2021 year that's all, In the long run in a couple of years I will not be surprised to see this around the $120-140 range.
**** This is not financial advice or recommendation.
It starts to fall without any mercy since Oct and it's down 36% from that month without even a dead cat bounce
What I noticed is that
-41-42 is holding as it double bottom around that price range
- a relief rally or dead cat bounce is going to happen and it will happen real quick and trip to 50ish area
- if 41 areas of support don't hold here then a quick trip to 34-36 is going to happen.
- Earnings coming up in Feb and last week Jan or early Feb could send this stock to a bullish run
Overall moving average, for now, is holding the stock down but soon it will reverse and start to act as a strong support if this keeps holding 41ish area
TWTR is not a bad stock, it generated revenue and in long run, there is no direct competition for TWTRS
Trump Social media will create hype and short term interest but long term TWTR space look more secure and logical
Long-term TWTR is bullish but they just had a terrible 2021 year that's all, In the long run in a couple of years I will not be surprised to see this around the $120-140 range.
**** This is not financial advice or recommendation.
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