Hello fellow traders and investors, here's another trade idea. TWTR has recently pulled back to the bottom of the channel which happens to be a key level. If TWTR makes it back to the top of the channel it offers a 24% ROI.
Technicals: The Macd indicates that it's oversold and in a downtrend. The RSI is very oversold The has been exhaustion in the selling volume which means we could start seeing some buying volume.
When To Buy: Now
When To Sell: I recommend selling at the top of the channel.
Fundamentals: Twitter, Inc. is a global platform for public self-expression and conversation in real-time. It provides a network that connects users to people, information, ideas, opinions and news. They have a P/S of 13.8, a debt/equity of 0.44, a sales growth Q/Q of 28%, an EPS growth Q/Q of 85.80%, a profit margin of -33% and a short float of 3.64%.
Rating: 65/100 the technicals are very good but the fundamentals aren't great because of their profitability sitting at -33%.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
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