What Now for Forgotten TWTR?
|In response to an inquiry about Twitter, Inc. (TWTR), if we look at its historical pattern from its birth in Nov, 2013, we see a series of lower-lows and lower-highs within a powerful, dominant downtrend.
To break the back of the downtrend, at a minimum TWTR must hurdle and sustain above 18.70.
Otherwise, the bears remain in directional control, no doubt eyeing a press beneath the May, 2015, low at 13.73, which will leave TWTR vulnerable to a downward trek towards 5.00.
It seems that the only reasons to own TWTR here are 1) the expectation that just maybe the price structure puts in a second low and upside reversal in the vicinity of the May, 2015, low at 13.73, and/or 2) for a takeover or buyout situation.
Last is 14.93/94
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