Bullish Island Reversal In Twitter Suggests 18% Upside

Shares of Twitter posted strong earnings this  morning, sending the stock up ~14%. The company posted a surge in monetizable DAUs, and the company is planning on expanding their workforce by 20%. All signs of a growth company that is starting to fire on a few cylinders.

This gap up has created a bullish island reversal pattern, which bodes well for shares going forward. The stock faces resistance at $38.80. A close above that level would pave the way towards its previous high of $45.50, representing +18% upside from current levels. Twitter is a constituent of the TSC Core Equity portfolio.

Twitter technical analysis stock chart


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