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Twitter Daily Technical Analysis | 22 September 2017

2017-09-22 04:14 pm | Resource: Technical Analysis Section | No Views : 297

Twitter is trading in a bullish direction in formation over the 4-hour interval. However, our view is neutral due to a break in the bullish trend base, which was confirmed by the slow moving average and the slow average at the negative cross.

Twitter Daily Technical Analysis | 22 September 2017

The stock failed to break above the previous 50 Fibonacci level due to weak momentum, and this could lead to a test of $ 16.92.
The rate of change 12 is trading in a bearish direction due to the formation of the bearish trend line in formation and breaking the ascending trend line on the interval 240 minutes.
It is expected that, in case of a break of 18.26 TUTOR might target the level of 18.86 on the other side in case, a break of 17.35 could target 16.92.
Support: 16.92 - 16.45 - 15.72
Resistance: 18.86- 19.78- 20.84
Trend: neutral

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