Twitter $TWTR is in a bullish breakout from a multi-month consolidation that started in July 2018. Q1 earnings came in better than expected. Here's a breakdown from Seeking Alpha: Total average monetizable DAU count of 134M versus the 128.4M estimate.U.S. mDAUs came in at 28M, up 2M Y/Y, and International at 105M compared to last year's 94M.MAUs came in at 330M, down 6M from last year's quarter but up 9M consecutively. Consensus had MAUs at 318.8M.Revenue breakdown: Ad, $679M (consensus: $662.3M); Data Licensing, $107M (consensus: $108.8M); US, $432M; International, $355M.Q1 costs and expenses were $693M, up 18% Y/Y, leading to $94M in operating income and a 12% operating margin.Engagement came in nearly in-line with 40.6%. Ad engagements grew 23% Y/Y and CPE dropped 4%.The Q2 outlook misses on revenue at the midpoint with $770M to $830M (consensus: $819.2M) and expects operating income from $35M to $70M.The FY19 outlook is reiterated with 20% Y/Y GAAP operating expense growth to invest in growth and cleaning up the platform. TWTR Daily Chart(click to enlarge) Bullish Breakout:- After pushing to $47 in 2018, price came back down to just above $26. - Then, we saw price consolidate between that $26 low and a high around $36.80.- After the earnings report, share price rallied about 10% and break above that resistance.- I think there is upside in the short-term to $42. - If price pulls back, price should hold above $35, and more likely around $37. - A break below $32 on the other hand would put pressure back towards $26.