Twitter touches SMA resistance - Analysis - 19-02-2019

Twitter's stock rose 0.87% in the last session, or 0.27 points, touching the resistance of the 50-day SMA, while venting off oversold saturation in the RSI, as it also tested the important resistance of 30.99, representing the ratio 50% of Fibonacci retracement levels (from 14.20 to 47.79). 

Therefore we expect the stock to return lower, as long as it settles below 30.99, targeting the next support at 27.03, representing the ratio 61.8% of the same retracement levels. 

Expected trend for today: Likely Bearish