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Twitter Daily Technical Analysis | 5 October 2017

2017-10-05 10:45 am | Resource: Technical Analysis Section | No Views : 337

Twitter has broken the bearish trend line over the 240-minute time frame during yesterday's trading due to the strength of the bulls in the stock currently. The SMA is positively intersecting with the slow average to indicate a bullish trend and needs to breach the 17.7 level to confirm.

Twitter Daily Technical Analysis | 5 October 2017

Currently, the social networking share is trading in a secondary bearish direction in the configuration on the 4 hour interval
The rate of change is trading in a bullish direction in the formation and the secondary descending trend line has been breached, indicating the strength of the bulls. The ADX is positively cross and the main indicator is rising up to indicate the strength of the bulls.
It is expected that, if the stock of 17.70 to hit the tension level may target the level of 18.86 on the other side in case, the share of social networking areas of 17.49 may target 16.92.
Support: 16.92 - 16.45 - 15.72
Resistance: 18.86- 19.78- 20.84
Trend: Up


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