Twitter’s Q4 earnings are set to be released after US markets close on Tuesday, with its share prices currently at their highest levels since Feb 2014.The stock has proven resilient even in the face of the pandemic and amidst political turbulence, having surged by more than 160% since the March 2020 bear market.From a technical perspective, Twitter looks ripe for a sell-the-news event. After all, its 14-day relative strength index has already broken into overbought territory, which typically suggests that a pullback is in order, and possibly even healthy.The catalyst for such a pullback could arrive when Twitter reveals its Q4 performance, which is set to unveil some strong numbers along the lines of what’s already been seen by other social media platforms such as Facebook and Snapchat for the same period.Twitter’s forecasted Q4 resultsThe company’s top line is expected to come in at $1.19 billion, which is the second time its quarterly revenue has ever exceeded the $1 billion mark (the previous occasion was in Q4 2019). This was likely aided by the boost from the November 2020 US presidential election.Twitter’s Q4 adjusted net income is set to register a year-on-year growth of 20.6 percent to $245 million, although it…
Read More










