Twitter (TWTR), what's going on?
Application Twitter (TWTR), what's going on?
03/05/2022 Company Overview Twitter, Inc Applications. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company's services include live commentary, live connections and live conversations.
What 's happening with Twitter App?
After acquiring 9% of the company’s shares, it was announced on Apr 13th that Elon Musk closed a deal to buy the company for around $43 million dollars. Musk sold this week Tesla shares worth about $8.5 billion to raise cash to solve the payment for the company.
Installing Twitter Android App Technical analysis
From Nov 29th to Feb 24th, 2022, the share price went down -40.14% to trade at $31.32, reaching the lowest point at the 25-week retracement. From Feb 24th to Apr 5th, 2022, the share price went up 72.87% to trade at $54.28 at the 61.8% resistance. From Apr 5th to Apr 12th, 2022, the share price went down -18.45% to trade at $44.46. From Apr 12th to May 3rd, 2022, the share price went up 10.59% to currently trade at $49.09. The RSI is at the buy zone and stable over the neutral zone while the MACD shows the start of a downtrend that could come with low volume movements. According to our instruments (True Signal Trend) the share price could fall around -7.43% to later have a boost of 19.44% to reach the 61.80% resistance, and to trade at $54.25 in the short term.
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