You're Saying buy a Stock up 200%?
Yes, I am saying that buying Twilio isn't all that bad given the set up. Regardless of whether Twilio is up 200% since the March 16 low price action is setting up for further expansion to the upside. See the 4-hour chart below.
Above is the picture for Twilio . As you can see the move that led to a large GAP is clearly a wave 3. The strength of the move up is undeniable. If you know you'll know that wave 4's like to consolidate into triangle formations. Here for Twilio , we have just that!
On the above I have an drawn out. I also highlight how is finally beginning to turn up as price approaches resistance for a forth time in a month.
Price targets are 1) the measured move which equals $232 or 2) Fib level 1.236 measured from the start of wave 1 to the end of wave 3 which equals $272.
I think at this point you know which direction I am leaning. For the record I have bought Twilio stock and will update as I off load my position. Bias: .