(Finance) – It moves at a loss Twitter which shows a decrease of 10.02% on the previous values.
To weigh on the actions of the social network are the statements made several times by Elon Musk. Tesla’s number oneafter announcing that the $ 44 billion Twitter acquisition deal was “temporarily suspended” pending details to support the calculation that spam / fake accounts actually represent less than 5% of users, he then , said he “will still remain committed to the acquisition”.
The one-week trend of the company that provides a news and microblogging service is more sluggish than the trend ofS & P-500. Such a breakdown could trigger opportunities for the market to sell the stock.
Analyzing the scenario of Twitter there is a widening of the bearish phase at the test of the USD 40.05 support. First resistance at 41.04. Expectations are for an extension of the negative line towards new lows at 39.54.