TWTR is attempting to put in a near term bottom. On 6/16 it rebounded off its lows on volume that was 182% above average and closed at the top of its trading range. The low of the day was 33.51. Yesterday looked as though it would test that low. Today, however, it made a new near term high on the daily chart on slightly above average volume.
Bulls will want to see yesterday’s low of 34.15 hold. With it closing above both the 10 and 21emas, the next level of resistance to watch is 37.25.
Bulls will want to see yesterday’s low of 34.15 hold. With it closing above both the 10 and 21emas, the next level of resistance to watch is 37.25.