TWTR. REVERSAL, OVERSOLD.

2. Dez. 2021

Twitter clearly hit targets where it had little to no support and specific take profit lines, reasoning to having this big drop... it wasn't because the CEO stepping down. Anyways back to technicals, we've been in a huge declining trend for about 7 weekly candles. Based on the chart we are about to hit a .886-1 reversal Fib. This doesn't mean that it's a guarantee that it's going to just get sniped and reverse back up, BUT I will say this... we are hitting the bottom of the Bollinger bands, weekly 200ma. and about to enter oversold zone with the RSI. IMO $42-39 has great support and a great spot to DCA. Goodluck.