TWTR - post earnings collapse

Whilst the broader market closed only moderately lower, there was notable continued powerful weakness in Twitter (TWTR), which settled lower by -8.9% @ $38.49. Next support is the Dec' low of $34.62, along with price cluster support across the 36/35 zone.


TWTR, daily

Summary

*notable huge sell side volume, as the stock remains in effective collapse mode.
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Without going over the crazy events in the closing hour of Tuesday afternoon, the market seems more upset with the early leak/release of earnings.. than the actual earnings themselves.

From a pure price perspective, there really isn't any support until the 36/34 price cluster zone.. where the Dec' low is lurking.

Best guess... TWTR will floor in the 36/34 zone... and remain choppy for much of May. The big $50 threshold now looks an extremely long way up... and looks out of range until at least next earnings in mid July.
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*as things are, I have ZERO interest in getting involved until a new floor is secured... and that will likely take some weeks.