Annual Forecast for Twitter (2018)

Share On Facebook
share on Linkedin

Twitter shares (NYSE:TWTR) is a bull market. For the past several months, price was going upwards in a slow and steady manner, prior to the current gap-up in the market, which has resulted in a strong bullish outlook.

The gap-up has triggered a bullish bias, which ought to continue in spite of the current pullback (which should be temporary).

The ADX period 14 is above at the level 30, showing a considerable amount of momentum in the market. The DM+ is above the DM-, meaning that bulls are dominant. The MACD, default parameters, has its signal lines and histogram above the zero line: There is a Bullish Confirmation Pattern in the market.

Twitter should go further upwards for most part of 2018, reaching the supply levels at 40.00, 50.00 and 60.00 as soon as it can.


Traders’ 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).

This area of the 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 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.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211027 00:40:46