Twitter (TWTR) dropped back below $40 for only the 2nd time in history Friday but closed above this level. The momentum stocks are getting hammered and Twitter (TWTR) remains in a nasty downtrend so shorts are attacking the stock. Fundamentally, this won't last as revenues are growing at a 90% yoy rate. It's only a matter of time before the stock is priced for failure and we see a large bounce. Keep an eye on the $38.80 level next week, that will need to hold. Resistance is located at $41.10, $43.25, $43.06, $43.42.
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