Wednesday, February 4, 2015

Annual Trading Forecast on Twitter (2015)

Twitter shares (NYSE:TWTR) trended downwards in the last few months of the year 2014. The price consolidated towards the end of that year and has done that so far.

It can be seen that the price is now ranging between the upper and lower Trendlines, while the RSI period 14 is above the level 50, suggesting the possibility that the price may go higher from here. The current price action is even bullish in the context of a consolidating market; and should the price break upwards and close above the upper Trendline, it could be the beginning of a long-term bullish movement.

There can be an overall bullish movement which would take the price towards the distribution territory at 55.00 again – a high that was seen last year.

This forecast is ended by the quote below:

“I learned that less is more when I believed that more is better.” – Anne-Marie Baiynd

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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