Homepage / Technology / Investors are flocking to Twitter, but the charts show that trouble is ahead
Mostbet Register Регистрация И Вход а Систему В Mostbet Onlin Pin Upwards Casino Türkiye Giriş Yapın Ve 0 Bonus Kazanı “Bonus 125% + Two Hundred Fifity F 2024 Ücretsiz Demo Oyna & Slot Bonus Mostbet Türkiye Çevrimiçi Kumarhane Mostbet Casin Glory Casino Pra Çekme İşlemi: Nasıl Yapılır? Detaylı Anlat 1win Casino Resmi Site, Bahis Ofisi, Slotlar, Oyun Makineler Игры В Онлайн Казино Бесплатно и Без Регистраци Игры В Онлайн Казино Бесплатно и Без Регистраци 1xbet Обзор 2024 ️ Отзывы Игроков И Рейтинг Эксперто Online Casino Games Play Now And Win Bi Glory On Line Casino Android Ve Ios Cihazlar Için Mobil Uygulamayı Ücretsiz Indiri Türkiyede Fame Casino Giriş Çevrimiçi Slot Ve Diğer Oyunları Oynay Mostbet İncelemesi 2024 » Spor Bahisleri, Giriş & Oyunla Başkanın ilk icraatı işçi kıyımı olmuştur! 719 7slots kumarhane 90 Business Online Solutions What Is a Board Analysis? The Importance of Planning and Programs Development How Board Governance Software Improves Meetings and Governance How to Craft a Successful Board Meeting Reminder Benefits of a Virtual Data Room for Bankruptcy VDR Example for Business Hong Kong ユースカジノの登録方法を初心者にも分かりやすく図解入りで解説 チェリカジ 5 Как быстро пополнить счет в Казино Х в любой валюте Официальный сайт Up X казино и мгновенные игры Paşa Casino Mobil Uygulama 2025 Giriş Üyelik Bonusu Freespin No Deposit Bonus Casino Free Spins In New Zealand What Are The Best Online Casinos For Real Money Pokies And Bonuses In Australia Дэдди Казино официальный сайт Джойказино: информация про официальный сайт Glory Casino giriş için buraya tıkla ve Türkiyede en popüler casino kullanıcısı ol Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs The Benefits of Document Management Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal New Post WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale

Technology

Investors are flocking to Twitter, but the charts show that trouble is ahead

It’s a bird, it’s a plane … nope, it’s Twitter!

Shares of Twitter have surged more than 50 percent this year, getting a boost this week on the heels of an upgrade from J.P. Morgan. Despite the move, one technician warns the stock may have flown too high, too fast.

“You can see for the last two years the stock has done absolutely nothing and you’re back up into this critical resistance up and around $25,” Rich Ross of Evercore ISI said Monday on the “Trading Nation” segment of CNBC’s “Power Lunch.” “We failed last year at this point and shaved off about 50 percent of value.”

A longer-term chart of Twitter also shows some bearish technical signals that have Ross saying he would avoid buying the stock at this time.

“If you did take out that multiyear downtrend and the neckline of that double bottom base around that big figure around $25, then the stock sets up as a trade and buy,” he explained. “But I’m not buying it here into resistance. I’m going to wait for the break and buy it on a breakout.”

Wall Street analysts tend to be skeptical of the social media giant as well. Of the 36 who cover the stock, only about 14 percent have a buy rating, with the vast majority, 57 percent, putting the stock at a neutral rating, per FactSet.

Furthermore, the average price target among analysts for Twitter stands at around $19, while the stock traded just under $25 on Tuesday, implying that the Street sees more downside.

Kevin Caron, a portfolio manager at Washington Crossing Advisors, believes that the tech sector as a whole could still have more room to run. However, he does warn that the sector could be facing slightly more volatile times going forward.

“Tech is a sentiment play, and we’ve seen strong sentiment lately,” he said on “Power Lunch.” “It’s hard to imagine that extrapolating out forever, so we have to be a little careful here, and that’s why we’re neutral on the group.”

Shares of Twitter were trading at around $24.85 Tuesday morning.

Source: Tech CNBC
Investors are flocking to Twitter, but the charts show that trouble is ahead

Comments are closed.