How to make profit from Twitter report

Twitter.inc posted its financial report minutes ago and the results turned out to be much better than expected.

EPS: $0.16 vs. $0.12 expected

Revenue: $655 vs $608 expected

Active users: 336m. vs 334.2m. expected

Can we take advantage from the good news at opening the markets at 16:30? Let's look!

Technically, the long-term trend remains Long, but the current downward channel raises doubts about purchases. In addition, the sale of the markets will limit traders from reacting to Twitter as a separate company. If we look deeply, we will notice that good financial results did not cause traders to push the Buy button with all their might. The Bloomberg Market Depth monitor indicates that the opening price will be about $ 32.50 or more than 6% higher.

Technically this will not help the price come out of the short-term downward channel, and with the current market mood breakout in the upward direction remains unlikely. The additional weight is also the indicator. Sequential counts a pair from below - the beginning of a new bearish impulse. DeMarker points down, coming out of the over purchase area. Long positions can be found close to the main diagonal and provided the moods in the technology sector change to better. Entry from current levels remains at risk.

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