Twitter, Inc. (NYSE:TWTR) set to defend polices
Facebook and Twitter executives plan to defend their companies in two congressional hearings Wednesday, arguing they are aggressively trying to root out foreign actors who want to do the United States harm just weeks before the midterm elections.
Twitter’s CEO will also face angry Republicans who claim the companies have shown evidence of bias against conservatives. In prepared testimony released ahead of a House hearing Wednesday afternoon, Jack Dorsey says his company does not use political ideology to make decisions.
Congress has sharply criticized the social media companies over the last year as it has become clear that they were at the forefront of Russia’s interference in the 2016 elections and beyond. That scrutiny has led to additional criticism over the companies’ respect for user privacy and whether conservatives are being censored — frustrations that are particularly heightened ahead of the midterms.
Dorsey says Twitter has continued to identify accounts that may be linked to the same Russian internet agency in Mueller’s indictment. He says Twitter has so far suspended 3,843 accounts the company believes are linked to the agency, and has seen recent activity.
On bias, the Twitter CEO is aggressive in defending his company, saying in the prepared House testimony that he wants to be clear about one thing: “Twitter does not use political ideology to make any decisions, whether related to ranking content on our service or how we enforce our rules.”
To address the concerns, Dorsey offers an explanation of how Twitter uses “behavioral signals,” such as the way accounts interact and behave on the service. Those signals can help weed out spam and abuse.
He says such behavioral analysis “does not consider in any way” political views or ideology.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 39.36.
The projected lower bound is: 29.88.
The projected closing price is: 34.62.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 49.8471. This is not an overbought or oversold reading. The last signal was a sell 2 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 47.71. 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 buy 20 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 44. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 14 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -0.340 at 34.840. Volume was 56% below average (consolidating) and Bollinger Bands were 46% narrower than normal.
Open High Low Close Volume___
34.740 35.120 34.480 34.840 2,459,113
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 34.81 38.30 31.99
Volatility: 35 78 67
Volume: 3,668,789 4,670,954 5,398,872
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.
TWITTER INC is currently 8.9% above its 200-period moving average and is in an upward 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 volume flowing into and out of TWTR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 2 periods.
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