BBTrader29

TWLO Head and Shoulders

Long
NYSE:TWLO   Twilio Inc.
TWLO has formed a head and shoulders pattern, where the neckline breakout level is at $149. Playing the trend up into the neckline for the breakout to $155 which would be a $6 range breakout which is the full range of the shoulders and 1/3 the range of the head, which is typically the proportions I aim for. This will also be a breakout into all time highs which can carry momentum. From the point of entry this potential profit is 6%. Also earnings comes out on July 31st which will want to sell before then.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.