With the earnings announcement due tomorrow, no doubt many hopefuls will be expecting further price appreciation for Twitter.
However, the price action in the chart is appearing to be wittering loud and clear that any upside is likely to be very limited as it could have already entered in the new bearish cycle with intermediate target being the last low in May 2014.
This would particularly be the case if the wider equity market also experience anticipated weakness.
As always be sure to do your own analysis. If you like my analysis select to follow me if you haven't already and select to follow the charts for any updated and share is with your trading circle.
However, the price action in the chart is appearing to be wittering loud and clear that any upside is likely to be very limited as it could have already entered in the new bearish cycle with intermediate target being the last low in May 2014.
This would particularly be the case if the wider equity market also experience anticipated weakness.
As always be sure to do your own analysis. If you like my analysis select to follow me if you haven't already and select to follow the charts for any updated and share is with your trading circle.
