Twitter ends lower - Analysis - 05-09-2018

Economies.com
2018-09-05 13:37PM UTC

Twitter's stock traded alongside the upward correctional trend line in the short term, while still marking a loss of 0.97% in the last session, or 0.34 points, amid attempts to gather momentum to help it rise anew, with positive signals from the Relative Strength Index, coupled with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, as long as the support of 33.61 holds on, targeting the resistance of 40.17. 

 

Expected trend for today: Bullish  

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