03Mar3:34 pmEST
I Cannot Believe This is Happening in Our Country
That's right.
I cannot believe that Twitter's chart is actually putting in what looks to be a confirmed inverse head and shoulders bottom on the daily timeframe, outlined below.
Pending today's close at least over $19.05, bird is the word, along with its laggard buddy, GPRO, also rallying. FIT is still a fine mess, though, soundly in the red.
It is tricky to press TWTR long here, given the broad market being stretched to the upside, short-term. Nonetheless, the sheer size of the pattern projects a move into the mid-$20s, assuming this breakout from the "neckline," holds into the weekend after tomorrow morning's jobs number reaction.
Still, after false bottom after false bottom, and plenty of hopeful bulls drained along the way lower, TWTR is sporting its more promising bottoming pattern...since its last one.
Let's see if this one is "verified."