1-Hour :: TWTR hit the support line and should head to $43 area
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 support line (where we are sitting, with a dip below it to test?) at $39.49 (61.8% of the Fib) - and the next resistance is at $43.13 (78.6% of the Fib).
The 20 MA (gray) is finally moving upwards, and hopefully will cross the 50 MA (teal) to indicate a reversal.
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 support line (where we are sitting, with a dip below it to test?) at $39.49 (61.8% of the Fib) - and the next resistance is at $43.13 (78.6% of the Fib).
The 20 MA (gray) is finally moving upwards, and hopefully will cross the 50 MA (teal) to indicate a reversal.