Twitter has shown hardly any sign of recovery so far. Although TWTR’s effort to get into streaming live content (NFL games etc) have increased the expectations initially, investors are yet to see any results. Constant loose of executives doesn’t help the situation either.
However one should argue that the drop has stopped! Twitter has been holding firmly on $14.30 level. Looking at the ling term chart, it seems TWTR is ready for a spike. Having considered that the first quarter results are going to be announced on the 26th of April, it seems we should be ready for some surprises.
Having considered that our initial TWTR target price is $14.70. If it can be broken, we can see a further increase to $15.20. Based on the results, we will update our analysis.
This cannot be considered an investment advice!