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.
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