Annual Forecast for Twitter – 2020

PUBLISHED: 10 Mar 2020 @ 16:17 | Comments (0) | More info about Azeez Mustapha

Twitter shares (NYSE:TWTR) are largely directionless at the moment. This is a situation that is bound to change very soon.

The market is quite choppy right now and the 4 EMAs (EMAs 10, 20, 50 and 200) do not agree with what the market is doing. The color that stands for each EMA is shown at the top left part of the chart.

Price is currently below the EMAs. In case price goes above the EMAs, that would be a long signal. However, in case price stays long enough below the EMAs, they would be forced to slope downwards and that would be a short signal.

Before that condition is met, it is better to stay away from TWTR right now and see what would happen in the next several weeks and few months. There should be a clean, directional movement by then.

Trading realities: Trading realities

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.