TWTR is a curious instrument to watch in the following sessions as the stock has tested daily descending trendline that connects close values of 09.Dec 2014 and 24.Aug. By now TWTR has technically touched its projection at 17.15. Keeping in mind stock behaviour during previous bearish craze we need to keep in mind potential shadow to the downside.
17.20 area test is considered a buy area targeting 21.20.
17.20 area test is considered a buy area targeting 21.20.
Comment:
As expected, descending trendline has suggested probable entry point at 17.20. The stock initially dropped below dynamic support on service maintenance and managed to recover above it within a single trading session.