Twitter shares (NYSE:TWTR) bare bound to rise higher
this year. There have been consolidating phases in the market, following by
upward breakouts.
The ADX period 14 is currently below the level 30,
showing a lack of momentum in the market. Plus the DM+ is above the DM-,
meaning that the bulls still have some determination here. The MACD (default parameters)
have both its signal lines and histogram above its zero line; though not
significantly, as a result of the current lack of momentum. When the momentum
returns to the market, the price could rise towards the supply zone at 80.00
this year.
Conclusion: Clem Chambers says if you want to gamble, the
stock market is a very convenient place to do it… so the stock market is and
always will be the biggest casino around. However, there are stocks that are
very attractive and promising, just like Twitter. Twitter shares would go
upwards further this year. Most people are not making money from the market because
they dread the market, but if you want to reap long-term benefits from the
market, you would need to learn the principles and acquire the knowledge that
can make you profitable.
This forecast is ended with the quote below:
“Stop
being a wuss. Everyone is scared about trading when they start. Only those with
a goal in their gut, and determination see it through to achieve trading
greatness.” – Louise Bedford
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Eye-opening trading lessons: Lessons from Expert Traders
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