Twitter - TWTR Best Buy Zone?

Hi Traders

Taking a look at Twitter, it seems likely for a lower buying opportunity to arise between $30 and $35 range. If the current support does not hold, we could even see prices drop as low as $28 which is dirt cheap if you've been looking to accumulate.

Technical Indicator Phoenix Ascending is pointing towards bearish price action, and from a chart analysis our next local support zone is $28 - $30.

It is noteworthy that Elon Musk is about to have another meeting with Twitter on the topic of his acquisition of TWTR (or maybe not). These events usually have quite a strong effect on the price of Twitter, so be ready for whatever!


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