Tuesday, February 21, 2017

Annual Forecast on Twitter (2017)

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 

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1 comment:

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