Twitter Inc. Stock Code TWTR.NYS
Price broke and closed above the cloud in the previous trading session, which could be a sign that a new bullish price trend could have started. The low of the price correction was also at the Fibonacci 62% of the rally from May 2021 to July 2021, which is another hint that the correction has ended. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bearish but is moving towards the zero line after a bullish crossover. We see price heading towards the previous high at $73.38.
$73.38 Price Target
$63.95 Risk Management Stop
3 weeks Trade Duration