Twitter's stock (TWTR) fell in the last session after asserting Elon Musk's latest attempt to end his acquisition of Twitter, valued at $44 billion, won't work, with the stock declining 78 cents, or 1.85%, settling at 41.41, with trading volumes approaching 8 million shares, below 10-day averages of 10.6 million shares.
Technically, the stock is buoyed by trading above the 50-day SMA, with positive signals from the RSI, while trading alongside the main downward medium-term trend line.
Therefore we expect the stock to decline and target the support of 35.40, provided it settles below 40.95.
Expected trend for today: Bearish