TWTR has double tested the lowest bottom it can reach after it reached the 14 level. It's been trading inside the range 14-19 and trying to break above 19 during the time of an acquisition rumor was running. This time it hasn't needed a rumor to start gaining traction and it's on the upper half of the trading range .
It has already passed the Oversold Condition in the RSI indicator and it made a bullish cross in MACD. It's setting up an uptrend channel that if enough buyers step in, it will be able to break above the 19 upper level range and target towards 23-24 to fill the GAP from October last year.
It has already passed the Oversold Condition in the RSI indicator and it made a bullish cross in MACD. It's setting up an uptrend channel that if enough buyers step in, it will be able to break above the 19 upper level range and target towards 23-24 to fill the GAP from October last year.