Tag: Twitter Inc.

Twitter Inc. Stock Code TWTR.NAS

Outlook

Price broke above the cloud on 1 April 2022 and had stayed above the cloud. A correction followed after price reached a high. The correction was supported by the Base line and the cloud, keeping the uptrend intact. Conversion line and Base line remained in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish with both its lines high above the zero line. We think that price is likely to move to the previous high at $54.57, in the next 2-3 weeks’ time.

Strategy                  

$45.08                Buy

$54.55                Price Target

$40.08                Risk Management Stop

3 weeks              Trade Duration

Twitter Inc. Stock Code TWTR.NYS

Outlook

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.

Strategy                  

$67.20                Buy

$73.38                Price Target

$63.95                Risk Management Stop

3 weeks              Trade Duration