Twitter gathers positive momentum - Analysis - 22-06-2018

Twitter's stock (TWTR) fell in the intraday levels, recording a loss of 1.93% in the last session, or 0.89 points, as the stock tries to gather momentum to help it rise anew, amid positive support from the 50-day SMA, with the dominance of the main upward short-term trend, as the Relative Strength Index reached extremely oversold levels in tandem with the stock's movements. 

Therefore we expect the stock to return higher, especially if the resistance of 46.99 was breached, targeting the next one at 53.36.