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Another day, another plot twist for Twitter Inc. shares!

Is the stock price finally ready for a bullish run with the latest developments?

Twitter Inc. (TWTR): Daily

Twitter Inc (TWTR) Daily Chart

Twitter Inc (TWTR) Daily Chart

Never a dull moment with Twitter and my buddy Elon these days, huh?

In the latest turn of events, just fresh after tweeting his Russia-Ukraine peace plan, Musk revived his bid to buy the company for $54.20 per share.

Not surprisingly, the stock price bust through several upside barriers and formed a double bottom visible on its daily time frame.

TWTR has yet to test and break above the pattern’s neckline around $55 to confirm that a reversal is underway.

Technical indicators are looking mixed so far, with the 100 SMA struggling to sustain its bullish crossover above the 200 SMA.

If this plays out, TWTR might be in for a rally of the same height as the chart pattern.

Meanwhile, Stochastic is hanging out at the overbought region, reflecting exhaustion among buyers and a possible turn lower. If that happens, Twitter share prices could follow and dip to nearby support zones.

Of course all this hinges on the next plot twist for the company and its prospective $44 billion acquisition price tag.

Will Elon change his mind again or will Twitter say “no take backsies” on the deal this time?

And what does Musk REALLY have up his sleeve for the social media company?

Better keep your eyes and ears peeled for updates and potential surprises when trading this one!

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