Twitter (TWTR) stock rebounded back to $33 on Thursday after bouncing off $29.51 on Wednesday. Support is now located at $31.13 as well as $29.51. If $31.13 is broken, assume TWTR will be retesting the low. On the upside, Twitter (TWTR) was severely oversold and a lot of short sellers covered. If the stock breaks $33 on Friday, look for more upside.
From a long term standpoint, the trend is still very much down. The 10 day moving average will come into the picture next week and was down to $37.57. A close above the 10 day moving average at any point is very bullish and all short sellers should cover and go long.
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