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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Paris Cafe

Paris Cafe

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Saturday, June 27, 2020

Twitter Knocked Off Its #1 App Perch

The Twitter app has been knocked off its Number 1 perch, as free speech social media platform Parler has risen to the top to take its place...(many Twitter users are switching to Parler for their town-square style free discussion).






Twitter (TWTR) is still below its IPO opening price of 45.10 (November 7, 2013), as shown on the following monthly chart. In fact, it's 30% below, as shown on the second chart.

The Balance of Power still rests in the hands of sellers as downside Momentum continues to accelerate.

Major support sits somewhere around 20.00, while major resistance is still formed by its IPO opening price of 45.10.

Until we see a reversal (and hold) of both the BOP and MOM above the zero level, I'd expect the selling to continue...while Parler's userbase continues to explode.