(Finance) – The decline recorded by is strong Twitter which exhibits a deadweight loss of 3.63% on the previous values.
The news reported by the Washington Post. The US newspaper questioned Elon Musk’s willingness to complete the $ 44 billion takeover bid.
The trend of the company that provides a news and microblogging service in the week, compared toS & P-500notes a lower relative strength of the stock, which could fall prey to sellers ready to take advantage of potential weaknesses.
Strengthening signals for the short trend with more immediate resistance seen at USD 37.64, with a support level to control the current phase estimated at 37. The balanced bullish strength of Twitter is supported by the upward crossing of the 5-day moving average on the 34-day moving average. Due to the technical implications assumed, we should see a continuation of the bullish phase towards 38.28.