TWITTER LOOKING IDENTICAL TO EARLY FACEBOOK CYCLE
Updated
Looking at this chart we can see the astonishing resemblance between the first mini Facebook cycle with the entirety of Twitters price action. Facebook's early cycle showed us a break out from a reverse head and shoulders and the Twitter setup is very similar The osculation in the price action is eerily similar and circled in matching colors for comparison. I have long thought Twitter was undervalued (relative to current stock market valuations). The largest social media breach in history (fake BTC scam) did nothing to the price of Twitter. To me this signals a solid foundation. Besides, it is one of the most used social media platforms globally and its stock has yet to show IPO investors any gains. They are coming.
I do not have a Twitter account because I believe it is the most toxic of the social media. Is it that far fetched to believe Twitter will thrive in financial crisis and global unrest? A toxic world seems like ideal conditions for a toxic Twitter to blossom. Also, many big tech stocks look like they are going to see serious pain ahead (see related ideas) and Twitter seems right up the alley of tech investors to jump ship to.
Twitter is poised for a breakout and looks like an excellent options play upon confirmation.
I do not have a Twitter account because I believe it is the most toxic of the social media. Is it that far fetched to believe Twitter will thrive in financial crisis and global unrest? A toxic world seems like ideal conditions for a toxic Twitter to blossom. Also, many big tech stocks look like they are going to see serious pain ahead (see related ideas) and Twitter seems right up the alley of tech investors to jump ship to.
Twitter is poised for a breakout and looks like an excellent options play upon confirmation.
Note
whoops, just realized the white circle in facebook should be red.Note
the first white circle that is
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