Twitter $TWTR hsa been falling since it almost reached $48 a share. Note that 2018 was a very strong year up to June/July when price peaked. It has shed about 44% of its high as price falls to $26.80 during the 10/10 session. TWTR Daily Chart(click to enlarge)Back to the Range Resistance:- As we can see on the daily chart, TWTR has been consolidating since 2016 under $25.20. This turned out to be a period of accumulation as price broke out of this range to the upside in 2018. - But now, we see price pulling back to this previous resistance. - With the daily RSI near oversold area, I think the market will indeed buy here around $26. - If price falls below $25, we might see it go to $20 before major support. - The upside will be limited as well. The cluster of moving averages between $32 and $36 can serve as a cap to the bullish outlook. - This is based on the anticipation of regression to the mean share price but not back towards the exuberant highs on the year.