Twitter widens gains - Analysis - 20-07-2017

Twitter's stock (TWTR) kept rising in the intraday levels, scoring a profit of 2.01% in the last session, or 0.40 points, amid positive support from the 50-day SMA, while settling above the support of 19.68, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 25.25 to 14.12).

Therefore we expect more gains for the stock, targeting the resistance of 21.00, which represents the ratio 61.8% of the same retracement levels, as long as the support of 19.68 holds on.