TWTR Twitter Daily Chart Descending Triangle

Twitter has been slapped silly lately steadily dropping day after day for the last couple months and more. The descending triangle targets the 40-ish level. The stochastics, histogram and RSI are positively diverged wanting to see a quick bounce. After the bounce, the money flow and MACD line want to see another low. The weekly chart shows possie d for the money flow and stochastics are oversold favorable to the bounce scenario. Overall the weekly chart hints at continued sideways with a lower bias probably for a couple more months but much of the selling may have already occurred.

The 39 support is important and leads to bad things if it fails. The projection is for a bounce due to the positive divergence described above but it will require nimble trading to exit on the bounce, and then reload on another low that prints in this area. Keystone bot TWTR today opening a new long position. Twitter would be expected to base moving forward. A drop from 75 to 40 is quite a beating, -47%. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.