TWTR - Approaching an area of resistance
Updated
Hello Everyone!
TWTR is approaching a previous area of resistance, that area is important as price has been rejected previously a couple of time back in February.
The coming earnings scheduled for 23rd July might play an important role as well.
Price might start trading through that area and be rejected one more time or, good earnings results might push the price above that resistance area and start trading higher, a daily close above that level will be a clear bullish sign.
Thanks for reading and... may the market be with us!
TWTR is approaching a previous area of resistance, that area is important as price has been rejected previously a couple of time back in February.
The coming earnings scheduled for 23rd July might play an important role as well.
Price might start trading through that area and be rejected one more time or, good earnings results might push the price above that resistance area and start trading higher, a daily close above that level will be a clear bullish sign.
Thanks for reading and... may the market be with us!
Note
Price has been rejected on 23rd Jul, than on 10th and 11th August. Today approaching again that area seems to find resistance and not getting above, interesting to see the closing today.
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