Cloud stocks have been strong in general. Seeing a lot of similar flag setups here with TWLO...CRM...WDAY..
The key here for Twilio is seeing that it started consolidating above the September/October 2019 highs. Now using that as support. Still can't rule out a test of the 9 dma around 118, but 7 straight days of flat trading, a resolution should be imminent.
Last 2 "waves" higher have been up $19 (86 low in after hours..) and $27. Only bring it up because of the wave enthusiasts out there and the correlation between those prices and the next level of resistance being around $135 ($18 move from short term lows) and then $142-$144 (25-27 move up).
Stop/Loss being a breakdown below the flag:
The key here for Twilio is seeing that it started consolidating above the September/October 2019 highs. Now using that as support. Still can't rule out a test of the 9 dma around 118, but 7 straight days of flat trading, a resolution should be imminent.
Last 2 "waves" higher have been up $19 (86 low in after hours..) and $27. Only bring it up because of the wave enthusiasts out there and the correlation between those prices and the next level of resistance being around $135 ($18 move from short term lows) and then $142-$144 (25-27 move up).
Stop/Loss being a breakdown below the flag:
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