Stocks

The $TWTR Ripper! Held the line, now off to the races?

Twitter surprised on the last earning and gapped up over 15+% that day. I believe that this was the day that TWTR had turned the corner. The chart had been setting up for quite some time and the base that TWTR was building was growing. After the earnings report I wanted to see TWTR go sideways and hold some levels…

As you can see a couple days ago TWTR (Monday) lost the two most important levels of 36 and 35 since the earnings gap. The gap was filled and I thought that the boys may be puking the earnings gains. If TWTR was going to hold the line it was THAT NIGHT.

Next morning you flash forward and TWTR gaps up and reclaims 36. 48 hours later we are printing 38 and ripping off this gap fill from earnings. As of the Weekly Close this looks like a CATAPULT that is going to rocket TWTR towards 50…Long the Bird. Stay with it!

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