Analysis/Forecast: Which Way To The Bear Party? | #TWTR #Twitter
Friends,
We decided to cover #TWTR considering its news-related action today. We hope we are not too late to the party. Bear party that is.
Our predictive analysis lines up with prior structural support. Expecting continued decline towards target unless bullish reversal signs emerge. A bullish upturn has not threatened the chart at this point, but a rally closing above today's open should concern bear, if it ever get there.
OVERALL:
Both predictive and structural analyses coincide with 45.55. Directional bias is bearish based on a bearish market reversal confirmation.
Cheers,
- David Alcindor | 4xQuad
Predictive Analysis & Forecasting
------------------------------------------
Twitter too? Follow us: @4xForecaster
Charting through TradingView.com: 4xForecaster
------------------------------------------
Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations.
We decided to cover #TWTR considering its news-related action today. We hope we are not too late to the party. Bear party that is.
Our predictive analysis lines up with prior structural support. Expecting continued decline towards target unless bullish reversal signs emerge. A bullish upturn has not threatened the chart at this point, but a rally closing above today's open should concern bear, if it ever get there.
OVERALL:
Both predictive and structural analyses coincide with 45.55. Directional bias is bearish based on a bearish market reversal confirmation.
Cheers,
- David Alcindor | 4xQuad
Predictive Analysis & Forecasting
------------------------------------------
Twitter too? Follow us: @4xForecaster
Charting through TradingView.com: 4xForecaster
------------------------------------------
Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations.
