FB, daily
TWTR, daily
Summary
*I exited TWTR-long at the open... will consider a re-entry next week, ahead of Tuesday earnings.
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So.. FB EPS were 42 cents vs 40 exp., but revenue fractionally missed. Overall, the numbers were fine, and there is little reason why FB won't soon break into the low $90s.. at which point it should become obvious - even to the mainstream, that it is likely headed for the giant $100 threshold.
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As for TWTR, with earnings next Tuesday, things are very much in flux. There is plenty of chatter that TWTR has viable earnings upside of as much as 20%. Whilst that might seem out of range, it would not be the first time its seen such a reaction.
There is a clear price gap zone of $57/62. Rising trend/channel is offering $56 next Wed' morning.
The all time high for TWTR is $74.73 - from Dec'2013. Clearly, that is a long way up... roughly 50% from current levels. It will take continued broader market upside.. into the sp'2200/300s for TWTR to break into the mid 70s this summer/autumn.
However... barring some bizarre corporate failure, TWTR looks set to jump higher next week.
