TWTR has been steadily rebounding since it plunged 19% on Oct 24 (at Q3 earnings). I believed at the time that this was an overreaction to a temporary software glitch and decided to go long. Positive user numbers reported for Q4, despite an earnings miss, sent the price up to pre-plunge levels last week. That price was ultimately not sustained. However, it appears a support/resistance reversal could be developing. This lends evidence to the idea that the recovery will continue and may actually be quickening.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.