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vf_investment
Oct 12, 2022 3:52 PM

TWITTER - Short position - Overbought at the resistance Short

Twitter, Inc.NYSE

Description

Looking at Twitter the chart shows that it´s overbought and is likely to go down.

Following the Bollinger Bands we see the price has touched and moved out of the upper band. Following the RSI 14 we see that the RSI went above 70. So both indicators are indicating a move to the downside.

According to the earning announcement we expect it will be towards the downside as well.

Targets and further details are shown in the chart.

Good luck!
Comments
UnknownUnicorn15614419
neat techical summary and chart for traders
Solldy
Great publication! I think this movement will be accompanied by some important news. So, for now, I'm waiting and keeping an eye on the current news.
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