Twitter suffers negative pressures - Analysis - 01-07-2022

Twitter's stock (TWTR) declined in the intraday levels amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels, while suffering pressure from trading below the 50-day SMA, marking a loss of 1.08%, or 41 cents, and settling at 37.39, with trading volumes surpassing 7.1 million shares, below 10-day averages of 12.5 million shares. 

Therefore we expect more losses for the stock, targeting the first support at 35.40, provided the resistance of 40.95 holds on.

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Expected trend for today: Bearish