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Twitter Inc (TWTR) “On a long-term technical basis, the stock (TWTR) is trading below its 200-day moving average which generally implies it is in a negative trend. The new level of support is at 28.03.
The stock has support at 29.05 and 27.46. If the stock breaks down through support at 29.05 then it will probably continue lower to 27.46. The stock has resistance at 31.50 and at 33.41. If the stock breaks up through resistance at 31.50 then it will probably continue higher to 33.41. The 200-day moving average is at 33.41. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (76.37), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”
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