TWTR Support/Resistance Reversal Developing?
TWTR has been steadily rebounding since it plunged 19% on Oct 24 (at Q3 earnings). I believed at the time that this was an overreaction to a temporary software glitch and decided to go long. Positive user numbers reported for Q4, despite an earnings miss, sent the price up to pre-plunge levels last week. That price was ultimately not sustained. However, it appears a support/resistance reversal could be developing. This lends evidence to the idea that the recovery will continue and may actually be quickening.
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