Twilio is good stock if you are thinking about adding a software and cloud communication/network stock to your watchlist/portfolio. It is currently showing a possible sign of basing, but I think it has a way to go down! The original Heavy buying positions from IPO '16 to beginning of '18 is the $32.65 area! The next set of buyers from Nov. '18 to now are @$92.30...
Twilio lets companies converse with customers through text messages.
The company expects to be profitable on a non-GAAP basis in 2023.
But it already has a mk cap of $36.02Bil + 19% in the pre-market, it`s a 42.84 Mk cap for a non profitable company.
How further the growth thesis go if Royal Bank of Canada has a Price target of $400 for it???
Even though it is...
NYSE:TWLO
Well, TWLO just gave all the signals that it will keep going up
First of all, the phenomenon up trend that keeps going up for few months.
Second, Is the Fibonachi correction it did,
Last, and the most important, it broke the all time high some days ago, and stay above it!
As I see it, this stock will give me some ride up.
Not a very long term...
