Is TWTR a Buy Here?
TWTR has beaten earnings expectation on the bottom line and met the expectations on the top line, but is coming into market open down 8+%. I would say this is surprising given the price action, but I am not surprised at all. TWTR has a tendency to run up prior to earnings...and shit the bed no matter if the earnings are good or not.
I have been a longterm supporter of TWTR, and in fact have been o nthe platform for multiple years. I think it will continue to grow and has finally righted the ship after "being drunk" for multiple years.
Looking at the chart you can see the level I am looking at to hold is 31.40ish. Currently it is sitting right at that level and I will be watching this on the open. I beleive you can be long TWTR above 31 and be out below.
Let's not make it anymore complicated than that, with earnings out of the way now, I believe we can measure price now from a quantitative perspective and get in at a good level if price gives us the opportunity.
LONG TWTR
Published by Hey I'm Snuffles
on
I have also been impressed how they seem to have been able to improve on monetizing on the platform. They were previously behind their peers and now seem to have found the right balance to optimize.
Posted using Partiko iOS
Twtr lost 5% of its daily active users.
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