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Trade of the day. Today Twitter announced that huge account suspension (Twitter Bots); It smoked twitter. But management clarified on the number of accounts taken down.
It is good for the longer term and there is no direct impact on the revenue. Expecting a full recovery.
-Stock up over 10%% since last post.
-Options action suggests that the uptrend will last for a while.
-It broke out of a channel on heavy volume and may continue moving higher.
- Stock bouncing off nicely off of the ascending trend line.
-Approaching key resistance.
-Bullish MACD, RSI, and Stochastic.
-Volume drying up during the recent consolidation.
Not an investment advice. Do your own due diligence.