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Twitter Daily Technical Analysis | 22 January 2018

2018-01-22 07:20 am | Resource: Technical Analysis Section | No Views : 348

Twitter broke the minor bullish trend line during the US session last Friday on the 4-hour interval due to the pressure of sellers on the social networking site, which caused the failure of the breach of 24.06 and broke the area of ​​22.29 $.

Twitter Daily Technical Analysis | 22 January 2018

Currently, our neutral outlook on the US stock is due to the lack of confirmation of the break of the ascending trend line, the simple moving average and the slow moving average are negative crosses but without confirmation so far.
The rate of change 12 is trading in a bearish trend while the main trend remains bullish.
It is expected that, in the case of a break of the social networking site level of $ 23.66 may target the level of 20.55 on the other side in case, the penetration of the US stock level 25.80 may target 26.02.
It is worth noting that during the report on 11 of this month we advised us to close some of the positions and contracts open to the stock, which actually happened last week.
Support: 20.84 - 18.86- 15.72
Resistance: 22.29 - 24.06 - 26.02
Trend: Up


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