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Twitter Not Worth Buying Until It Can Cross Over $44

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November 11, 2013 – Comments (2) | RELATED TICKERS: TWTR

At this point  you can only judge and do technical analysis on Twitter (TWTR) based on the 5-minute chart. Perhaps you can sneak out to the 10 minute chart and still be okay but I'd stick with the former. 

Now you have TWTR trying to bounce for us today but I would take it with a grain of salt as the stock is still in a solid downtrend and unlikely to be worth considering to the long side until it can cross $44. So for now, consider today's action a mere dead cat bounce until proven otherwise. 

Here's the TWTR technical analysis

2 Comments – Post Your Own

#1) On November 11, 2013 at 10:00 PM, Mega (99.96) wrote:

I'm thinking more like $14.

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#2) On November 12, 2013 at 12:38 AM, jiltin (27.57) wrote:

So far so good, early birds donated money to create 1600 millionaires....You expect to support additional millionaires when it crosses $44? Not me even a cent !!

http://www.bizjournals.com/sanjose/news/2013/11/11/twitters-ipo-debut-means-fresh.html

 

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