Twitter shares (NYSE:TWTR)
are far from being an attractive market right now. Price has been quite choppy
in the last several months, and this kind of situation may continue.
The ADX period 14 is
below the level 20, indicating trendlessness in the market. The DM- is above
the DM+, showing that bears seem to have more stamina than bulls. The MACD,
default parameters, has both its signal lines and histogram below the zero line.
This could be a beginning of a downtrend that would eventually lead to a
Bearish Confirmation Pattern in the market.
Twitter may later
experience a rise in momentum this year, which would most probably, favor
bears. So potential targets are located at the accumulation territories of
14.00, 12.00 and 10.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Super Trading Strategies: Super Strategies
Forex Trendy is an advanced software capable of detecting the most profitable continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every potential breakout.
ReplyDelete