Twitter falls anew - Analysis - 24-03-2017

Twitter's stock (TWTR) returned lower in the intraday levels, recording a loss of 0.33% in the last session, or 0.05 points, amid ongoing negative pressure from the SMA for the last 50 days period, as relative power indicators reached extremely overbought levels compared to the stock's downward movement, with the dominance of the main downward short-term trend along the trend line. 

Therefore we expect more losses to come for the stock, as long as the resistance of 15.50 holds on, targeting the pivotal support of 13.98.