Twitter Inc (NYSE:TWTR) Suspends Venezuelan Government Accounts

Twitter Inc (NYSE:TWTR) Suspends Venezuelan Government Accounts

Twitter Inc (NYSE:TWTR) Suspends Venezuelan Government Accounts

Venezuela has been accused of censoring Twitter as part of its bid to silence dissent, but it’s not so happy now that the shoe is on the other foot.

The country’s leadership says that Twitter has suspended 180 accounts linked to the government, including radio and TV outlets in the presidential palace.

While it’s not clear what prompted the move, officials are furious — President Maduro claims that Twitter blocked accounts “simply for being Chavistas,” or supporters of his late predecessor Hugo Chavez.

Maduro isn’t calling for a boycott of Twitter, though. The “battle on social media” is too important, he says.

He insists that Twitter took down “thousands” of accounts (there’s no firm evidence of this), and that Venezuela would respond by opening “10,000 or more” accounts in response.

Twitter, Inc. offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser. Its Promoted Products enable its advertisers to promote their brands, products and services, amplify their visibility and reach, and extend the conversation around their advertising campaigns. Promoted Accounts appear in the same format and place as accounts suggested by its Who to Follow recommendation engine, or in some cases, in Tweets in a user’s timeline. Promoted Trends appear at the top of the list of trending topics for an entire day in a particular country or on a global basis. Its MoPub is a mobile-focused advertising exchange. Twitter Audience Platform is an advertising offering.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 17.98.

The projected lower bound is: 15.68.

The projected closing price is: 16.83.

TWITTER INC closed up 0.110 at 16.780. Volume was 100% below average (consolidating) and Bollinger Bands were 5% narrower than normal.

Open        High        Low         Close       Volume
16.780     16.780     16.780     16.780     2,353

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period         50-period      200-period
Close:                       17.06                17.07               17.47
Volatility:                32                     43                    62
Volume:                   13,877,073     18,814,610     22,882,388

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TWITTER INC is currently 3.9% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume out of TWTR.K (mildly bearish). Our trend forecasting oscillators are currently bearish on TWTR.K and have had this outlook for the last 8 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 41.2904. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.44. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 22 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -73. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 21 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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