1-Hour Chart (left) shows Fibonacci Resistance from September 12th HIGH to October 28 LOW.
The 23.6% area of the fib is right at $198 and change.
The 15-Minute Chart has Fibonacci Retracement from the openning of the earning day drop HIGH of October 22 to the LOW of October 28.
The current resistance area is right where we are right now - at upper $196.
While...
On a closer look at the 1-hour chart, we can see that 7-day RSI is already moving up, MACD is just being stupid - cannot make heads or tails out of it.
Both indicators are lagging indicators, but could use to confirm a trend.
OBV flattened at the bottom, and I can only hope for some volume pickup.
If it breaks the $193.16 (1-Day resistance area) then next...
The $193.16 is a strong resistance area, as it is the Fibonacci 78.6% from August 2015 LOW to August 2019 HIGH.
If SPY remains strong today it will definitely will help MCD keep on trying to break upwards.
7-Day RSI is at 19, being oversold.
MACD curling up.
Both are lagging indicators, and have not confirmed any trend yet.
But, if we combine the 1-Day...
There is a 4-point increasing support that TWTR has bounce off on December 2018, March,m June, and October 2019.
RSI has not reached the overbought region, and has plenty of space to move up, and although MACD is curling down towards the signal, it has not crossed unde ryet.
Fibonacci Retracement from June 2018 through December 2018 (Hi to Lo) sets the current...
