A retracement in Twitter is an opportunity
Twitter's earnings came in below consensus forecast which saw a 15% drop in the share price. Its a stock that has had a disappointing long term performance with a history of upsets in its results. The question is do we buy it at the current price or should we expect further downside?
Trading signal
The signals suggest that Twitter is oversold. It should start to appreciate in price over the coming week. The fall in price is also at the support's trend line. Even if it breaks lower, at these levels its a great opportunity.
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Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Trading signal
The signals suggest that Twitter is oversold. It should start to appreciate in price over the coming week. The fall in price is also at the support's trend line. Even if it breaks lower, at these levels its a great opportunity.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
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