Friday, February 9, 2018

Annual Forecast for Twitter (2018)

Twitter shares (NYSE:TWTR) is a bull market. For the past several months, price was going upwards in a slow and steady manner, prior to the current gap-up in the market, which has resulted in a strong bullish outlook.

The gap-up has triggered a bullish bias, which ought to continue in spite of the current pullback (which should be temporary).

The ADX period 14 is above at the level 30, showing a considerable amount of momentum in the market. The DM+ is above the DM-, meaning that bulls are dominant. The MACD, default parameters, has its signal lines and histogram above the zero line: There is a Bullish Confirmation Pattern in the market.

Twitter should go further upwards for most part of 2018, reaching the supply levels at 40.00, 50.00 and 60.00 as soon as it can. 

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