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So far the market doesn't have confidence in that possibility. Notice that the last time it had a gap down in early November, it was 2 days of follow through selling to 38 bucks and then a reversal bar and it floated right back up.
This time it's a gap down with 4 days of selling, every day closing at the low and no pop. Today it is trading like shit as well. No offense, just trying to hold on.
Above is the daily chart for Twitter from investing.com going back about a year.
Notice how for the month of December it had that big rally bar, then it really doesn't go much higher. You have lots of small red candles at the high, a slow move down, then a gap down after they dropped the ban hammer.
It's trying to hold 45 bucks. Notice that there are 4 big red bars from last week through yesterday. Those are sell days and it keeps closing at the LOWS.
That's not a sign of strength. Buyers are not stepping up to move it off of the lows. The longer it lingers here, could be days, could be weeks, the more investors start unloading and setting in a downtrend.
I think at the very least it falls in stages. That's how I would personally play this. But I don't see any scenario for subscriber growth or increased user engagement which are the metrics by which the market values them.
Kek. 45
fat cats with deep pockets probably throwing cash at it to keep it afloat
So far the market doesn't have confidence in that possibility. Notice that the last time it had a gap down in early November, it was 2 days of follow through selling to 38 bucks and then a reversal bar and it floated right back up.
This time it's a gap down with 4 days of selling, every day closing at the low and no pop. Today it is trading like shit as well. No offense, just trying to hold on.
Above is the daily chart for Twitter from investing.com going back about a year.
Notice how for the month of December it had that big rally bar, then it really doesn't go much higher. You have lots of small red candles at the high, a slow move down, then a gap down after they dropped the ban hammer.
It's trying to hold 45 bucks. Notice that there are 4 big red bars from last week through yesterday. Those are sell days and it keeps closing at the LOWS.
That's not a sign of strength. Buyers are not stepping up to move it off of the lows. The longer it lingers here, could be days, could be weeks, the more investors start unloading and setting in a downtrend.
Would love to see the shit crash and burn
I think at the very least it falls in stages. That's how I would personally play this. But I don't see any scenario for subscriber growth or increased user engagement which are the metrics by which the market values them.
that looks like a stabilization before the next dip to me.
that's more like it. Usually after a big move, up or down, stocks will trade sideways in a range for a few days to weeks before the next move.
I'm trying to impart that it's not a straight shot to zero for Twitter. It's going to fall in stages.