Twitter dips in volatile session - Analysis - 17-07-2018

Twitter's stock (TWTR) fell in the intraday levels, registering a 0.52% loss, or 0.23 points, and ending a session marked with volatility, while a positive divergence forms in the Stochastic indicator as shown below the attached chart, after reaching extremely oversold levels, amid the dominance of the upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, provided the support of 42.41 holds on, targeting the important resistance of 46.99.