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Twitter TWTR is Weak on a Near and Mid Term Basis

April 25, 2018, 08:29 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Twitter (NASDAQ: TWTR) is Weak both on a Near and Mid Term Basis, according tot he technicals.

Technical Summary

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	29.94	24.79	27.66
P2	31.18	31.40	33.13
P3	32.79	37.94	38.80

⚠Triggers may have already come

Support and Resistance Plot Chart for TWTR

Long Term Trading Plans for TWTR

April 25, 2018, 8:31 am ET

The technical Summary and associated Trading Plans for TWTR listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for TWTR. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

TWTR - (Long) Support Plan

Buy over 27.66 target 33.13 stop loss @ 27.4.
The technical summary data tells us to buy TWTR near 27.66 with an upside target of 33.13. This data also tells us to set a stop loss @ 27.4 to protect against excessive loss in case the stock begins to move against the trade. 27.66 is the first level of support below 30.465 , and by rule, any test of support is a buy signal. In this case, support 27.66 would be being tested, so a buy signal would exist.

TWTR - (Short) Resistance Plan

Short under 33.13 target 27.66 stop loss @ 33.39.
The technical summary data is suggesting a short of TWTR as it gets near 33.13 with a downside target of 27.66. We should have a stop loss in place at 33.39 though. 33.13 is the first level of resistance above 30.465, and by rule, any test of resistance is a short signal. In this case, if resistance 33.13 is being tested, so a short signal would exist.