Twitter emits more negative signals - Analysis - 18-10-2018

Twitter's stock fell 1.07% in the last session, or 0.32 points, amid negative pressure from the 50-day SMA, while settling below 31.02, a level that represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (From 14.25 to 47.79), while the RSI reached overbought levels compared to the stock's movements. 

Therefore we expect more losses for the stock, as long as the resistance of 31.02 holds on, targeting the next support at 27.06, representing the ratio 50% of the same retracement levels. 

Expected trend for today: Bearish