Annual Forecast for Twitter (2019)

PUBLISHED: Mar 23 2019 @ 03:24 | Comments (0) | More info about Azeez Mustapha

Twitter stock (NYSE:TWTR) is not currently an attractive market. The market has not been attractive for the past several months.

Price action is simply a series of large upswings and downswings, with no real protractedly directional movement.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

Each EMA is basically flat, which means there is no long-term bias in the market. However, it is noteworthy that price is currently above the EMA 200, which signals that there is a great potential for price to continue moving upwards this year.

However, for Twitter to be in a real bullish position, it has to go above the resistance level at 40.00, staying above it.

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