Twitter (TWTR) stock rallied back to $34 on Monday and is looking great. TWTR will now need to hold $32.40 on the downside or we could easily see a retest of $30-$31. On the upside, the 10 day moving average is coming back into the picture so watch for a close above this level later this week.
From a long term standpoint, the trend is still very much down. If you believe in the long term growth story of Twitter, buy every time it gets killed and average in over time.
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