Drawing TA lines on Twitter saga

So the easiest support and resistance line is the bottom and the cap of the price. Since the offer is at $54.20 per share so the strongest resistance line will be $54.20. Then the bottom will just be the 52 weeks low, because most tech stocks had dropped close to their 52 weeks low in this bear market. Twitter did not drop down was solely because of this lawsuit, so I do believe that if the deal falls through, Twitter will crash to that level.

Looking at the period where Twitter sues Musk, we can then try to determine the support and resistance level based on what the market think is the chance of the deal get forced through by the judge. Looking at the data, it seems to show there are some pattern, which is the
1. blue band when the market think there is a great chance of Twitter winning
2. orange band when the market think there is a good chance of Twitter winning
3. purple band when the market think there is a OK chance of Twitter winning

As more news comes out, more data is released, even whistleblower coming out, we can see the price move between the bands. When the chance of the deal going through dropped, there is a breakdown in the support band and it drops to the bands below.

Well, now that Elon had said that he will fulfil his obligation and buy at the original offer price, we can see the price going close to the cap.