Twitter returns higher - Analysis - 20-07-2018

Twitter's stock (TWTR) returned higher in the intraday levels, amid positive support from the 50-day SMA, while the Relative Strength Index reached extremely oversold levels compared to the stock's movements, hinting at a positive divergence in the Stochastic indicator as shown below the attached chart, and scoring a profit of 0.23% in the last session, or 0.10 points, amid the dominance of the main upward trend in the medium and short terms. 

Therefore we expect more gains for the stock, targeting the important resistance of 46.99, as long as the support of 42.41 holds on.