Jim Cramer Says Trump Was Twitter’s Greatest Salesman (TWTR)

Jim Cramer Says Trump Was Twitter's Greatest Salesman (TWTR)

Twitter stock (TWTR) continues to plunge after banning President Trump. Jim Cramer, CNBC Host of Mad Money, stated a warning to Twitter on Monday. TWTR stock is down over 13% from the 5 day high and appears to be breaking through support at $47.

Cramer told Carl Quintanilla, “I think that there were a lot of people who literally knew that the president was the most important person and that you’d have to keep checking him and then you’d have to check people who talk about him. You just had this endless wave, this web that the president created, and it was action and reaction.”

Politics aside, investors should be asking if this is the end of Twitter because users will likely leave the platform for something that is freer.  All the crazy politics helped keep people’s eyes glued to it.  Now they will be going somewhere else.

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Is Twitter Stock A Buy?

This morning I was looking at the charts and wondering if Twitter was a good buy because it had dropped so much. The short answer is NO. I am always very concerned about the risk of social media companies because they can fall out of favor. In this case, Twitter decided to fire its best salesperson which over 70 million Americans voted for.

Twitter Stock Pivots

abs-adviso-reportr

Twitter has busted through all the supports except S3 at 31.41.

PivotClassicFibonacciCamarillaWoodieDM
S331.4141.7251.3239.03
S241.7245.6552.2642.42
S147.9348.0953.2149.3449.98
P52.0252.0252.0252.7253.04
R158.2455.9655.0959.6460.28
R262.3358.3956.0463.03
R372.6362.3356.9869.95

Twitter Stock Technicals – SELL

Twitter stock’s moving averages point to a strong BEAR trend. Investors should take note of this and way for some kind of price consolidation with a moving average confirmation before considering a trade.

NameValueAction
Exponential Moving Average (5)49.79Sell
Simple Moving Average (5)50.44Sell
Exponential Moving Average (10)51.31Sell
Simple Moving Average (10)52.34Sell
Exponential Moving Average (20)51.65Sell
Simple Moving Average (20)53.25Sell
Exponential Moving Average (30)51.05Sell
Simple Moving Average (30)51.54Sell
Exponential Moving Average (50)49.56Sell
Simple Moving Average (50)48.29Sell
Exponential Moving Average (100)46.26Buy
Simple Moving Average (100)46.05Buy
Exponential Moving Average (200)42.1Buy
Simple Moving Average (200)39.1Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)50.63Neutral
Volume Weighted Moving Average (20)52.04Sell
Hull Moving Average (9)48.2Sell

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