Charting Twitter (TWTR)

Scott is joined by the chart master Ben Watson to talk about the recent run in TWTR and the technical consolidation. The long term trend in the stock is near all time highs since the beginning of the year. In the short term, the stock is off it's highs, and a shows a hammer candlestick around the 5 period simple moving average. Despite these two bullish indicators, the relative strength is drifting lower which shows sentiment is waning so Ben expects sideways to slightly lower price action in the short term.

Chart Master

29 Mar 2021

ON AIR
7:00 am
Futures

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Charting Twitter (TWTR)

Scott is joined by the chart master Ben Watson to talk about the recent run in TWTR and the technical consolidation. The long term trend in the stock is near all time highs since the beginning of the year. In the short term, the stock is off it's highs, and a shows a hammer candlestick around the 5 period simple moving average. Despite these two bullish indicators, the relative strength is drifting lower which shows sentiment is waning so Ben expects sideways to slightly lower price action in the short term.

Chart Master

29 Mar 2021

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

FOLLOW US