Annual Forecast for Twitter – 2020

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Twitter shares (NYSE:TWTR) are largely directionless at the moment. This is a situation that is bound to change very soon.

The market is quite choppy right now and the 4 EMAs (EMAs 10, 20, 50 and 200) do not agree with what the market is doing. The color that stands for each EMA is shown at the top left part of the chart.

Price is currently below the EMAs. In case price goes above the EMAs, that would be a long signal. However, in case price stays long enough below the EMAs, they would be forced to slope downwards and that would be a short signal.

Before that condition is met, it is better to stay away from TWTR right now and see what would happen in the next several weeks and few months. There should be a clean, directional movement by then.

 

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