Wednesday, 30 July 2014

TWTR - a significant way higher to climb

With better than expected earnings, TWTR jumped a rather extreme 21% at the open, settling +19.9% @ $46.20. Near term outlook is bullish into the low $50s. TWTR looks set to battle higher in late summer to the 58/60 zone.

TWTR, daily


*it is notable that in Tuesday AH trading, TWTR was trading in the $51s.

Suffice to say... TWTR is one of the top 3 hysteria/momo stocks, and having pleased Mr Market, looks set for much higher levels across the next few months.

The daily candle - a black-fail is somewhat bearish, but still.. a 19% gain negates any kind of bearish outlook in the immediate term.