Twitter (TWTR) dropped off a cliff recently but bounced $3 off the low yesterday. With two big events coming up in the next 4-6 weeks, there is a buyers strike right now. In four weeks, Twitter (TWTR) will release earnings. In six weeks, the lock up expiration period expires which will allow insiders to sell if they wish. Lock up expiration fears are always negatively over-hyped but its something to pay attention to. Long term, TWTR is a steal below $50. I expect shares to double by some point in 2015. Resistance is located up at $48.30.
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