We have been recently stalking Twitter $TWTR as it was forming a price top and then dipped sharply after its earnings report. In the latter observation, we suggested looking for support in the $30-$32 area. Indeed, the market held TWTR above $31 this week, and closed the 8/2 (Thursday) session with a bullish engulfing candle.TWTR Daily Chart(click to enlarge)Support:- We anticipated support in this area because this is where price would challenge a rising trendline support, and the 200-day simple moving average (SMA). - So far, we can see that price cracked the trendline, but the stalled. - Price is also holding above the 200-day simple moving average (SMA). Bulls in Control:- For now, it looks like the market wants to keep TWTR bullish. - If so, the RSI reading suggests we should anticipate the bullish swing soon. - I think even if the market is in consolidation mode, the preservation of some bullish signs should give the market confidence up to the $42 level. Then, if price dips from there, we can confirm that TWTR is in a consolidation mode.- Otherwise, if price can close above $44, I would look for the market to continue riding TWTR higher past its current 2018 high, which is around $48.