American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Twitter relinquishes gains - Analysis - 10-12-2018

Economies.com
2018-12-10 14:43PM UTC

Twitter's stock hit an intraday high at 34.37, bouncing off it lower and turning the gains into a 0.39% loss before the close, while gathering momentum to help it rise anew, as the stock was buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, provided the support of 29.94 holds on, targeting the resistance of 35.98. 

 

Expected trend for today: Likely Bullish 

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