TWLO - 1st Rejection from the ResistanceNYSE:TWLO
TWLO got rejected at ~117.50 today and the daily volume continues to decline. Related to my previous idea, we are still in a downtrend (until proven otherwise). The expanding bollinger band suggests a big swing is imminent. I am on the short-side. As seen in the chart, TWLO has been following clean and stair steps down and after every failure of breaking the resistance, it drops significantly. My target? below $90 in possibly a week's time.
GLHF!
Twilio, Inc. A Cert Deposito Arg Repr 0.0277777778 Sh
No trades
Trade ideas
Twilio Ready for Breakout. Entry level $113 = target price $132 Stop loss $109
The high flyer of 2019 got its wings clipped recently with a sizable 50% retrace where it found support and the buyers returned once again.
Currently the chart is poised for considerable move as the Bollinger bands have pinched so close together.
Indicators are all in a bullish trajectory.
Volume has stalled in anticipation of this weeks trade talks.
TWLOA lot of weakness trickling downthe entire market and that weakness began with the tech sector. I've been fortunate to be on the right side, shorting small caps such as $ROKU, $TWLO which has seen explosive growth in the last year. Since the drop of December 2018, I've been waiting and scoping out potential short opportunities as it was clear to me that we have been in a market 'melt-up' since December, 2018, and the end of the growth cycle is inevitable. Many predictions stemming from the yield curve inversion suggests that a recession is coming within 8-18 months (the bottom) . If that is in fact true, we will see further downside starting end of the 4th quarter.
I have been shorting $TWLO since ~$148 and ROKU since $170. I see potential further downside as I see a head and shoulders pattern on the weekly chart. As seen in this chart, we see that the long-term bullish trend has been broken and further headwinds in the market will only put further downward pressure to small caps such as TWLO.
TWILIO stays in the penalty box.Twilio has lost its appeal as many of the cloud kings have suffered a very poor performance in august.
Twilio has lost its crown to Shopify and Beyond meat as the darling of the stock market, many investors have rung the register post earnings which disappointed somewhat. Having the label of a growth stock when theat growth starts to show any weakness it spells disaster and panic among investors.
Twilio now has the task of luring back the growth hungry investor, earnings is 2 months away and we can't see any great bullish action until then.






















