Will Twitter Pull An Apple And Breach A Major Support Level?

Twitter Inc TWTR shares are trading lower by $0.49 (3 percent) at $14.10 in Thursday's session. Similar to Apple, which had been flirting with breaching the major support level at $92 and finally cracked it today, Twitter is posing a similar trading set-up at the $14 level.

After making its all-time low at $13.91 in February, the issue rallied over $20 in March, but the rallied failed. After sharply lowering FY 2016 guidance after its Q1 report, it's now once again threatening to breach this major support level. In fact, it has bounced off that area several times since May 3 and hasn't even been able to climb into the $15 handle.

Unless the company is the recipient of an upgrade from a Wall Street firm or company releases some fundamental information that changes the Street's perception, it's in grave danger of making a new all-time low.