Twitter (TWTR) – Tweeting Intensifies – October 16th, 2020

The bullish DailyPlay for Friday, October 16th is Twitter (TWTR). TWTR has rallied 17.6% in the last month and its 1M trend turned bullish on September 22. 

Fundamental View 

  • Advertising revenue expected to increase by 26% in 2021. 
  • Positive outlook for the interactive media over the next 12 months with an expected $646B shifting from traditional tv/broadcasting to digital media. 
  • Earnings October 29th (13 days)

Technical View – IV Rank 44%

  • A pullback towards $46.00 support and bounce resumes bullish trend
  • Strong relative strength score (9 out of 10)
  • Both 1M and 6M trends are bullish