Forget Facebook—Twitter could see a 25% boost on earnings, says chart watcher

"I really like Twitter," technical analyst Mark Newton said Tuesday on CNBC'sNewton, who is president and founder of Newton Advisors, pointed to Twitter's five-year chart, which showed the stock entering a period of consolidation after strong performance in 2016 and 2017.

"I do still think it has upside to former highs right near [$]218," he said. But Twitter remained his top pick, mainly because of its potential to run over 25% to a new 52-week high. "Contrary to popular perception, Facebook has actually increased its engagement, partly because they did a very smart pivot to, essentially, running a mini TV channel on the feed," he said in the same "Trading Nation" interview.

"I just don't like Twitter on business grounds, even though I absolutely love the app," he said. "And I love Facebook [from a] business point of view. So, I think Facebook still has [a] chance to go to fresh highs, whereas Twitter is going to lag."

TradingNation CivicScience has been tracking usage Twitter since 2015 and monthly, weekly, and daily Twitter users have been on the rise in Q2 lizzygurdus

TradingNation Who is holding TWTR in your studio?

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