Twitter (TWTR) is on the verge of a big first for the stock – breaking the down trend it has been in since the moment it started trading. Break $42.39 and you may have a runner on your hands.
Right now the only time frame I’d recommend using for technical analysis is the 30-minute chart and what you have there is a double bottom that is close to breaking out if it can clear that nasty downtrend.
Keep the risk tight as a move below $40 would be a clear signal to dump the stock.
Here’s the TWTR technical analysis:
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