Tuesday, 3 February 2015

TWTR - building momentum ahead of earnings

With the main market higher for a second day, Twitter (TWTR) was also on the rise, climbing a very significant 6.2% @ $39.79 (intra high $40.19). Near term outlook is bullish, with a rather obvious gap zone.. for which it to jump into on viable 'better than expected' earnings data - due at the Thursday close.


TWTR, daily


Summary

Suffice to say... a strong day of gains, not least helped by a calmer and more confident equity market.

Best guess.. TWTR to be trading in the 45/47 zone by the Friday close.