Twilio Stock has had a great run up to over $215. Two Insiders are selling stock over the last week, selling a combined 52,000 shares. The stock hit an all time high, and we might see some consolidation.
We look at a couple technical indicators, specifically the RSI which is trending downwards, during this entire spike of the price. In fact, the price almost doubled, from $122, and the Relative Strengh Index is showing a weakening buying volume during that time.
Looking at the chart, we notice a gap trade is active, right around the price of $124. The price rose from $124 to $152 in a VERY short time period, which is likely to see the price of $124 again in the future. Judging that is also around the Fibonacci Resistance level of 61.8%, I think there is a low-moderate chance of seeing that price again.
I will be looking to enter at $145 - $150, in hopes that the growing company will see stock prices of the all time high again.
This is IF the stock takes a dip.
We look at a couple technical indicators, specifically the RSI which is trending downwards, during this entire spike of the price. In fact, the price almost doubled, from $122, and the Relative Strengh Index is showing a weakening buying volume during that time.
Looking at the chart, we notice a gap trade is active, right around the price of $124. The price rose from $124 to $152 in a VERY short time period, which is likely to see the price of $124 again in the future. Judging that is also around the Fibonacci Resistance level of 61.8%, I think there is a low-moderate chance of seeing that price again.
I will be looking to enter at $145 - $150, in hopes that the growing company will see stock prices of the all time high again.
This is IF the stock takes a dip.
Comment:
The latest Federal Reserve balance sheet can be found here.
www.federalreserve.g...bst_recenttrends.htm
www.federalreserve.g...bst_recenttrends.htm
TWLO is trending towards the bottom of the channel. With such a bearish divergence, we should pay attention to volume during this shorting period.
Interesting side note - Keep in mind also, the fed has been pumping the market above 7Trillion, recently. But they just stopped doing that within the last 3 weeks, and in fact, pulled money out of the market. Perhaps they saw this bubble forming, and homeostasis was needed. Either way, I believe bullish and bearish markets will follow the fed.