The stock ($TWTR) tested the declining 100-day moving average yesterday again, before reversing to the downside. This daily moving average line continues to be strong resistance as we have tested it every day since Wednesday but never
Globalstar, Inc. (NYSEMKT:GSAT), after a big price-volume surge in mid-December, pulled back a little this month, creating a falling wedge formation. The upper-line of that pattern was broken Monday on volume expansion.
This was a very good sign for a continuation of the trend, and I am looking for a retest of the recent highs around the 2.20 area.