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.
Twitter, Inc. offers products and services for users, advertisers, developers and data partners. The Company's products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser. Its Promoted Products enable its advertisers to promote their brands, products and services, amplify their visibility and reach, and extend the conversation around their advertising campaigns. Promoted Accounts appear in the same format and place as accounts suggested by its Who to Follow recommendation engine, or in some cases, in Tweets in a user's timeline. Promoted Trends appear at the top of the list of trending topics for an entire day in a particular country or on a global basis. Its MoPub is a mobile-focused advertising exchange. Twitter Audience Platform is an advertising offering.
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