Is Twitter (twtr) Worth A Look?

Discussion in 'Investment Charts' started by Chartman, Jan 26, 2019.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    Twitter has done well to hang in there for so long under constant attack from the likes of FB. Where does the company go from here? Can it survive as a stand alone business in the long term or should it be part of a larger group?
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    The sign of a sustainable recovery? The shares are remaining stubbornly firm - not falling too far back after the recent jump. Market seems to be saying they are a buy :)
     
  3. Chartman

    Chartman Senior Investor

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    Still holding relatively steady after the recent market volatility. I think this one might well be a buy on weakness after all?
     
  4. Buyonthedips

    Buyonthedips Senior Investor

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    This is still showing decent strength after the recent rally and consequent fall back. Certainly one to buy on the dips if the markets have a wobble - which they may just experience with the Chinese trade war set to escalate.
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Twitter has always been a difficult one for me because while it was one of the first social media sites, it certainly fell by the wayside when the founder left. The fact he has returned has seen an uplift in business and income but how far can he take it? The site needs to be monetised better while also maintaining the core principles which have made it so popular. Not an easy task!
     
  6. Chartman

    Chartman Senior Investor

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    Yet another one which has been written off time and time again but keeps bounching back. Maybe the return of the founder is starting to pay benefits? Someone who understands the business inside out?
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    While the graph shows that the shares are off their recent $40 high they are still holding up a lot better than many people might have expected. Is there better trading news to come? Could Twitter become a takeover target?
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like the uptrend is in danger of being broken - however I dont think we have seen that last of these shares in the short to medium term. I still expect the shares to perform well.
     
  9. Chartman

    Chartman Senior Investor

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    $35 looks like a critical support level for the shares - watch this space.
     
  10. gowiththeflow

    gowiththeflow Senior Investor

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    The next support level for Twitter seems to be around the $33 mark if we did see a fall below $35. Something tells me that the company is in the stages of some kind of turnaround but time will tell.
     

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