Very nice day for TWLO on a very bad day...options are getting expensive, probably meaning that everyone is getting bullish on it to rebound hard. Maybe a $350/$400 January call spread at $3ish could sit out there for a month and let it decide a move back over $300
lovely downtrend breakout on twlo, currently testing recent downtrend resistance again but now its trying to act as support.
if it holds and rides this new trendline to the upside we can target 350/372! if it breaks back into the downtrend id close for a loss. like and follow for more, thanks💘
-Earnings are forecast to decline by an average of 7% per year for the next 3 years
-Currently unprofitable and not forecast to become profitable over the next 3 years
-Significant insider selling over the past 3 months
-Shareholders have been diluted in the past year
Our opinion is to short in small amounts this one. Target: $84
TWLO is trading in a downtrending channel. After breaking out of this channel, it gaps down. It finds support and begins to consolidate into a bear pennant formation. The pennant broke sending shares lower. We got a nice reversal candle today. This will likely lead to a retest of the consolidation. A short around $300 down to $260 seems possible if trend continues...
The stock started an upward movement, after falling on the release of the quarterly report. Breaking through 317 resistance level, closing the gap and going higher to 373, 404. Long-term investment.
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Still in the 11/26 $330 calls, now up 171% from $2.40 to $6.52... post earnings TWLO dropped 20% on pretty decent earnings numbers. It is still a market leader in it's industry, future growth company, part of ARKK investment fund, no analyst downgrades after earnings, price target from analysts of $430 average...holding
If we can get a rally here, I'm liking the next push over $300 to stick....but a breakdown and we might go all the way to $200. Not going to call out a play, but will keep tracking this.
$TWLO is bearish now it need to consolidate at the range $275 and create a base to uptrend it is on my watchlist Once it settles at a price good to hold for long term reversal
This has been beaten down pretty bad since earnings. Still is a market leader, but has not been able to find a base since the first post earnings bounce. Watching to see if it finds support or needs one more leg down
near wedge bottom line
near support line
Entry 296
Stop 276
Target 370
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
| TWLO | LONG @ 304 - 308 | TP @ 312, 316, 320, 324, 328 | SL @ 276 | PATTERN = DOUBLE TOP BREAKOUT |
Possible upside continuation.
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Thank you
Twilio, Inc. engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.
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