$Twitter (Delisted) (TWTR.US)$ Twitter graph is still lookin...

$Twitter (Delisted) (TWTR.US)$
Twitter graph is still looking weak as of now. Base on the price action, there may be a technical rebound soon. But this will be a one or 2 days jump and it should continue on the downtrend again. It could be a big rally up to retest 20sma or just a small one.

If it rebound on the 49 support which is critical support for this consolidation zone. This will be a good set up for long position. Stop loss at 47. And take profit at the middle or top of consolidation zone.

Strong resistance would be at the 20SMA of 61.
Support levels is at 49 which is bottom of this consolidation zone. If this breaks, the next will be at 45 and the following one at the 200SMA at 41.

As always, trade safe & invest wise!