Twitter looks strong for 2021
We believe Twitter is a great investment for 2021. President Biden and the blue wave could be massively advantageous for the platform. Twitter is increasingly becoming a popular platform for accessing real-time information. The stock on the other hand has not seen much love since the initial IPO. Twitter IPO'd at a price of $26 and traded for the first time on Nov 7, 2013. That same day, Twitter ran to $44.94, an increase of 72.84%. Since then, Twitter has been going through a large consolidation period which we believe will end in a large move to the upside.
Today, Twitter's market cap sits at $38 billion. That is less than 5% of Facebook's total market cap of $762 billion... wowza!
In term's of technical analysis, we believe Twitter will retest the orange uptrend line for an upside of 40% from today's close. That is when we will realize some profits. If a dip is to occur, we shall see it as an opportunity to accumulate. Until then, we will ride the wave to the upside.
- HH
* Please invest at your own risk. We are just sharing an opportunity we see, this is not financial advice.
Today, Twitter's market cap sits at $38 billion. That is less than 5% of Facebook's total market cap of $762 billion... wowza!
In term's of technical analysis, we believe Twitter will retest the orange uptrend line for an upside of 40% from today's close. That is when we will realize some profits. If a dip is to occur, we shall see it as an opportunity to accumulate. Until then, we will ride the wave to the upside.
- HH
* Please invest at your own risk. We are just sharing an opportunity we see, this is not financial advice.
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.