Twitter IncLong
Twitter buy and hold
Fundamentally the company is just not performing really well, especially since a limited outlook on user growth has been given. Most important was that the base of users would increase in the low double-digit percentages for the rest of the year. Problem overall is that no hard and fast guidance was given during the earnings call.
Technically however, we seem to be on a nice buying point. Twitter made similar dives in the past as a result of an earnings call and came back stronger both times. Add to that reaching the 200MA and we have a solid risk-reward opportunity.
Technically however, we seem to be on a nice buying point. Twitter made similar dives in the past as a result of an earnings call and came back stronger both times. Add to that reaching the 200MA and we have a solid risk-reward opportunity.
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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.