TechnicalTechTrader

$TWTR looking to recover losses from Trump threats

Long
NYSE:TWTR   TWITTER INC
Technical setup on the hourly chart shows that the sell off from the $34 area, which Trump threats were the catalyst for, may have been overdone. Consolidation in the $30-$31 area along the bottom bollinger band and lower side of RSI vow well for a recovery. My expectations for the price movement are a gap upwards to $32 on Monday and then a gradual increase to $33-$34 through the remainder of the week.
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