Twitter (TWTR) rallied back into the $39's on Monday after bouncing off the 50 day moving average last week around $36. Twitter (TWTR) will continue to find support around the $36 level. Resistance is located between $39-$40 heading into earnings in two weeks. Right now the consensus is mixed with one side thinking they will do well and the other side thinking they will miss again. If you aren't buying TWTR for the long term below $40, my advice it to wait on the sidelines until the results are released. See how the market reacts! If the stock rallies on bad results, you know the next three months will be great so jump in at that point.
I'm expecting TWTR stock to hit $75-$100 within the next 17 months but shares will continue to be volatile which is good for trading.
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