With the exception of a short lived buyout failure, TWTR hasn't seen above $20 pps since 2015 and their revenues have gotten progressively worse while their expenses have gone up. The closer we get to what will most certainly be another poor earnings report, the less risk traders will take playing this volatility to avoid becoming bag-holders. So I think we'll see more downward pressure overall as we approach Q earnings.
TWTR is at an inflection point and I've noticed that when the tech sector or market are up big, TWTR rises only a little with it. When the market or sector has a bad day, TWTR's pps drops significantly more than any other company with a hand in social media. So while some traders are having fun with this recent volatility, it'll be the first stock they dump from their play list at the hint of trouble.
One bad bit of bad news and TWTR will hit $17's which will turn into panic selling and this "bull raid" is over. That's because there's nothing holding this pps range up other than pure speculation... and likely some manipulation... at this point in time.
All IMO and do your own DD.
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