Twitter confirms breaching downward trend line - Analysis - 22-03-2019

Economies.com
2019-03-22 13:03PM UTC

Twitter's stock fell 0.64% in the last session, or 0.21 points, confirming the breach of the downward medium-term trend line, while marking losses amid attempts to garner momentum to help it rise anew, while also venting off overbought saturation in the RSI, with positive support from the 50-day SMA. 

 

Therefore we expect more gains for the stock, as long as it settles above 31.81, targeting the resistance of 35.25. 

 

Expected trend for today: Bullish 

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