Thursday, February 6, 2014

Annual Trading Forecast on Twitter (2014)

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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