TWTR Approach HUGE Level of Support
Disclosure: Long TWTR shares from 40.32
Twitter is approaching a huge level of support since its IPO at $40. The stock is also oversold on almost all indicators. Arguments can be made that oversold can stay oversold but with a highly volatile stock like twitter, i expect bulls to come in and defend the $40 line. Below this level and Twitter becomes a screaming short. I have a stop-limit set at 39.95 and will gladly step out there.
Twitter is approaching a huge level of support since its IPO at $40. The stock is also oversold on almost all indicators. Arguments can be made that oversold can stay oversold but with a highly volatile stock like twitter, i expect bulls to come in and defend the $40 line. Below this level and Twitter becomes a screaming short. I have a stop-limit set at 39.95 and will gladly step out there.
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