Shares of Twilio Inc (NYSE:TWLO) bounced hard on Tuesday. This was the first big up day in weeks and likely marks a major bottom in the stock. Not only was it a significant bounce, but more importantly it was a strong bounce in a sharply lower market. This adds credence to the idea that it is a major turning point for a big move up. The stock has collapsed from $70 to its current level with no bounces. If this bounce takes hold as expected, upside is likely a move to $50.00.
Want to get alerted when I buy in real-time? Sign up to Verified Investing and follow me.
Want to get alerted when I buy in real-time? Sign up to Verified Investing and follow me.