Why Twitter Has Bottomed

Twitter (TWTR) social media giant has bottomed near 52 week lows after it’s first two earnings misses. The stock is currently trading in a 52 week range of $29.51-74.53. Twitter looks bearish on the Ichimoku Cloud as it trades way below the cloud at $33.09. After last weeks IPO lockup period ended share plummeted more than 18%. The charts for (TWTR) are weak and fifty two week lows usually go lower. With that said, we could be near the bottom in Twitter, as the new quarter begins and all the negative news has passed. Twitter is up about a dollar today as the stock tries to climb up from the bottom.