After the gap up (or Rising Window) following the last earnings released on February 8th, the price is moving within a symmetrical triangle with decreasing volumes (by the book). The first candle incorporates all subsequent ones, and the support and resistance lines are getting closer (about two dollars the distance). Soon, so, it is very likely that Twitter will take a direction (I doubt it can continue to sideways for a long time).
Twitter's gross profit margin for the fourth quarter of its fiscal year 2017 has grown compared with the same period a year ago. The company has increased sales and net income during the past quarter if compared with the same quarter a year ago. However, it was unable to keep up with the growth of the average competitor within its industry.
Even though Twitter continues to be little used by users outside the United States, I think it has a good chance in the next few years to reduce the gap that separates it from Facebook and Youtube (at the moment even from Instagram and it must pay attention to LinkedIn that is in strong development). For this year I expect several improvements on the use of the social network and a strong increase in advertising revenue.
Twitter's gross profit margin for the fourth quarter of its fiscal year 2017 has grown compared with the same period a year ago. The company has increased sales and net income during the past quarter if compared with the same quarter a year ago. However, it was unable to keep up with the growth of the average competitor within its industry.
Even though Twitter continues to be little used by users outside the United States, I think it has a good chance in the next few years to reduce the gap that separates it from Facebook and Youtube (at the moment even from Instagram and it must pay attention to LinkedIn that is in strong development). For this year I expect several improvements on the use of the social network and a strong increase in advertising revenue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.