Twitter ends lower - Analysis - 23-10-2017

Twitter's stock (TWTR) closed lower in the intraday levels, recording a loss of 0.11% in the last session, or 0.02 points, while attempting to gather momentum to help it rise anew, amid positive support from the 50-day SMA, as it trades within an ascending correctional short-term price channel, while the RSI reached extremely oversold levels compared to the stock's downward movement. 

Therefore we expect the stock to return higher, as long as the support of 17.39 holds on, targeting the resistance of 19.26.