The "bird" has risen!
We have seen some volatile action with Twitter (TWTR) over the years, and even similar action to Tuesday's action back about a year ago.
Fanning out to a weekly chart we can try to figure out the next move. Note the Relative Strength Index (RSI) and the steep slope. On a weekly chart this is very impressive, with higher lows on the upward move and the stock not even overbought yet.
The next price bar (next week) is key here, and with strong earnings the odds favor another strong move into the $40s. A strong bar has had follow-through on a few occasions since 2017 so we will go with the trend.
Meanwhile, moving average convergence divergence (MACD) is on a buy signal too. We could see TWTR move up toward last summer's highs and potentially to $50 before stalling.
The cloud is still red, but that is due to the heavy move down in December. The stock may be passed that now and onto a green cloud over the next month.
We like this move in Twitter and look for more upside to come based on the technicals and the chart.