American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Twitter driven lower by negative pattern - Analysis - 11-08-2017

Economies.com
2017-08-11 12:20PM UTC

Twitter's stock (TWTR) fell in the intraday levels, recording a loss of 2.42% in the last session, or 0.39 points, amid negative pressure from the 50-day SMA, while getting hurt by a negative technical pattern that formed recently, the Rising Wedge pattern. 

 

Therefore we expect more losses for the stock, as long as the resistance of 17.61 holds on, targeting the pivotal support of 14.12. 

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