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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Is Today The Day For $TWTR Twitter?

RaginCajun Thu Jun 23, 2016 10:08am EST 1 Comment

Twitter has been showing signs of bottoming over the last few months as just about ever trader/Investor has given up on the name. The $LNKD deal, in my opinion, put a floor in $TWTR, and prices have been grinding higher ever since.

Today, $TWTR is back on the infamous runner screen within our software Exodus. The current technical pattern looks ripe for a breakout in prices, and I’m thinking we see $20 sooner than latter.

Here’s a look at today’s runner screen: CLICK HERE FOR CHARTS

Long $TWTR.

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One comment

  1. matt_bear
    matt_bear
    June 23, 2016 at 12:30 pm

    i agree. most people think FB or GOOGL are the suitors who would buy twtr…but what about someone like Comcast? Or maybe even AT&T?

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