Annual Forecast for Twitter (2022)

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Twitter Inc shares (NYSE:TWTR) have been in a protracted bearish market, especially from November 2021 till now. However, the market seems to be getting some lease of a buying strength.

The ADX period 14 is around level 20, which means the momentum in the market is not currently great. The DM+ is roughly above the DM-, meaning that the ongoing bullish effort cannot be ignored. The MACD default parameters, has both its histogram above the zero line and the signal lines also somewhat above the zero line. That means a Bullish Confirmation Pattern in the market.

In spite of the recent weakness on TWTR, there is a convincing reason to buy long, as the price could resume its bullish journey from here, reaching the resistance levels at 40.00, 50.00 and 60.00 before the end of this year.

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