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Monday, October 27, 2014

$twtr charts

twtr reported a decent quarter, but revenue guidence was not as expected and deviates from expectations. Given the weakness, below are the potential supports.

The 20 sma on the weekly. This level also coincides with ahorizintal support around 45 on the daily.

Although, if the action in after hours holds, the 43 horizontal support looks good. If negativity takes hold 38 is a hardcore support.

Given twitter's key role in real-time information, a $25b market capitalization seems too too low.

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