Twitter shares (NYSE:TWTR) are largely directionless at the moment. This is a
situation that is bound to change very soon.
The market is quite choppy right now and the 4 EMAs (EMAs 10, 20, 50 and
200) do not agree with what the market is doing. The color that stands for each
EMA is shown at the top left part of the chart.
Price is currently below the EMAs. In case price goes above the EMAs, that
would be a long signal. However, in case price stays long enough below the EMAs,
they would be forced to slope downwards and that would be a short signal.
Before that condition is met, it is better to stay away from TWTR right
now and see what would happen in the next several weeks and few months. There
should be a clean, directional movement by then.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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