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TWTR Explodes Out of its Near Term Bottom


In the aftermath of a very powerful (+13%) upside reaction to earnings, all roads for Twitter, Inc. (TWTR) point to a challenge of its major down trendline, now at 46.80, which should put a lid on the current thrust of its Nov-Feb base formation.

That said, should TWTR pull back for any reason into the 44.00 area before it challenges 48.60, my near-term work will consider such weakness a buying opportunity ahead of the expected encounter with its 14-month down trendline.

From a big-picture perspective, all of the action in TWTR since the Spring of 2014 has the right look of a massive base formation in preparation for a powerful advance to new all-time highs.

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