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Twitter Daily Technical Analysis | 21 November 2017

2017-11-21 09:50 am | Resource: Technical Analysis Section | No Views : 302

Twitter failed to break the 18.86 level during the first week of this month, and the stock rebounded to break through the secondary downtrend line and broke through the 20.84 level.

Twitter Daily Technical Analysis | 21 November 2017

Currently, the social networking site is trading in a bullish direction, with the simple moving average and the slow moving average moving positively.
Analysis of the previous chart shows that there is a bearish rectangular flag pattern, which the arrow has crossed above and is currently heading towards the target of the classical pattern.
Rate of Change Index 12 The bearish trend line crossed the time frame 240 minutes during last week's trading.
It is expected that, as long as the US stock is trading above $ 19.20, it might target the 24.06 level, while in the case of a break the stock level 19.70 could target 17.16.
Support: 18.86- 15.72-14.21
Resistance: 20.84 - 22.29 - 24.06
Trend: Up


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