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'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