Twitter rises through negative pressures - Analysis - 23-10-2018

Twitter's stock steadied below the resistance of 31.02, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 14.25 to 47.79), with the stock scoring a profit of 1.21%, or 0.35 points, amid negative pressure from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements. 

Therefore we expect the stock to return lower, targeting the next support at 27.06, which represents the ratio 50% of the same retracement levels, as long as the resistance of 31.02 holds on. 

Expected trend for today: Bearish