Twitter, the social media platform started trading as a public company today.The stock rose 77% at the time of writing as indicated by the chart below.
Will Twitter continue this uptrend?
There are several factors that need to be considered when trading this stock. As in the fate of Facebook, the social media platforms stock took a tumble in the first few months of trading.
When trading this stock, one needs to consider that Twitter is a social media platform, it is no different to the likes of Facebook and the old social media platform, Myspace. How well Twitter performs will depend on how aggressively the shorts come in as well as the swing traders.
It is essential to do thorough research before trading Twitter.My personal guess is that it is likely to suffer some have shorts activity before it stabilizes. The 77% opening rise is very attractive to shorts and could see this being the impetus for the disruption. I am not a stock advisor or seasoned trader but from my observations, I see Twitter falling into the single digit figures in the next few weeks before it stabilizes.
Will Twitter continue this uptrend?
There are several factors that need to be considered when trading this stock. As in the fate of Facebook, the social media platforms stock took a tumble in the first few months of trading.
When trading this stock, one needs to consider that Twitter is a social media platform, it is no different to the likes of Facebook and the old social media platform, Myspace. How well Twitter performs will depend on how aggressively the shorts come in as well as the swing traders.
It is essential to do thorough research before trading Twitter.My personal guess is that it is likely to suffer some have shorts activity before it stabilizes. The 77% opening rise is very attractive to shorts and could see this being the impetus for the disruption. I am not a stock advisor or seasoned trader but from my observations, I see Twitter falling into the single digit figures in the next few weeks before it stabilizes.
