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.
Market Analyst, Trading Signals Provider and Coach
Traders’ realities: Trading realities
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