Twitter (TWTR) made a nice bounce off the lows of $15.67 last week despite the weak numbers from Snap (SNAP). The chart would suggest that Twitter closes the gap below $15, yet the stock bounced higher. The market completely missed that Twitter is making significant progress in the turnaround. The stock is incredibly cheap with an EV below $10 billion now. The company will get a buyout offer if the stock stays this low for long. Predicting the bottom is near impossible, but whether $16 or $15 is the low is irrelevant for the potential of Twitter down the road. Disclosure: Long TWTR