Twitter resumes decline - Analysis - 18-08-2017

Twitter's stock (TWTR) returned lower in the intraday levels, recording a loss of 1.79% in the last session, or 0.29 points, amid negative pressure from the 50-day SMA, while the stock gets hurt by a recent negative technical pattern, the Rising Wedge pattern, as relative power indicators reached extremely overbought levels compared to the stock's movement. 

Therefore we expect more losses for the stock, as long as the resistance of 17.61 holds on, targeting the pivotal support of 14.12.