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Twitter Technical Analysis | 28 September 2017

2017-09-28 11:17 am | Resource: Technical Analysis Section | No Views : 326

Twitter Bulls failed to approach the $ 18.86 resistance level and failed to close the big price gap that took place last July.

Twitter Technical Analysis | 28 September 2017

Currently, the social networking share is trading in a minor bearish trend forming over the 4 hour interval and the simple simple moving average crosses negatively with the slow and long term which supports the bearishness if a break of 16.56 occurs.
The rate of change is trading in a bearish direction and below the zero level to indicate the Bear's hold on the position.
It is expected that, if a 16.45-per-day tension is broken, it may target the very important 15.72 level, while in the case of the stock, the stability of the stock above 16.92 might target 18.51.
Support: 16.92 - 16.45 - 15.72
Resistance: 18.86- 19.78- 20.84
Trend: Down

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