Accumulation on TWTR
Just by looking at the past 15 days, 12 out of the 15 days were red. But if you take a look at the OBV chart after the initial big drop, accumulation of the stock immediately starts to pick up again. Also, MFI showed support signs of strength after bouncing off the 40s level.
So now we have a chart where Twitter continues to churn and consoildate at the $59 to $61 prices, while Volume indications shows strength and accumulation. This is a very bullish signal, and it indicates a strong upward move in the near future.
So now we have a chart where Twitter continues to churn and consoildate at the $59 to $61 prices, while Volume indications shows strength and accumulation. This is a very bullish signal, and it indicates a strong upward move in the near future.
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