25.11.2014 - We expect strong price movement of Twitter’s price
Twitter’s stock price continues to consolidate near the important level of 40.00. It is worth noting that the quotes were not able to overcome the support level at 38.60 and after two unsuccessful attempts reached the upper limit of the local downward channel. In case of this boundary, quotations may grow to 44.10. Fixing the price above this level will confirm the signal for opening long positions. At the same time, fixing the price below 38.60 will mean a continued decline with the target near 30.00. We expect the resumption of the price growth, but recommend to wait for the signals for opening positions.