Twitter (TWTR) has finally showing some strength since IPO. After first ever quarterly profit, can Twitter turnaround and be a multi bagger from here?
On a weekly basis (which is the minimum time frame that I am using for stocks), Twitter has shown some signs of bullishness from all the indicators (RSI is above 70, DMI is bullish, and the candle is hovering at the upper bolinger band and above its 20 and 50 moving averages). Can the momentum be sustained? 30 USD is an important level for this stock and it needs to hold above this level.
On a weekly basis (which is the minimum time frame that I am using for stocks), Twitter has shown some signs of bullishness from all the indicators (RSI is above 70, DMI is bullish, and the candle is hovering at the upper bolinger band and above its 20 and 50 moving averages). Can the momentum be sustained? 30 USD is an important level for this stock and it needs to hold above this level.