Twilio has really out performed in the last year with very few pullbacks. It is a fantastic company but is now getting just a bit to risky for traders to be holding into earnings. Earnings are expected to be good but after such a surge in the stock it better be a blowout. Late FOMO money has kept the rally going but will be quick to abandon ship on any sign of...
Asset and Time frame - 4 H, TWLO
Entry Price -125.70
Exit(Stop loss) -129.06
Exit(Take Profit) - 107.05
Range between SL and entry -3.36$
Technical Analysis -After a bearish engulfing candle broke the 0.618 Fibonacci daily level, the price started correcting with small and weak candles, and now the price has reached the C point to return the downtrend,also we...
Twilio finally showed some weakness and the selling was quite intense. we will be looking for along in the stock if things become more positive but will be aware $115 could be the buy level. Fundamentally the company is still in extreme growth and still has a relatively low market cap making it appealing for as a takeover target.
For some reason TWLO price seems to tank whenever CMF spikes. Here we got what looks like may be a three drives pattern. 1.41 isn't a primary fib ratio, but it is a complementary ratio so could still be valid. Target of .618 retrace matches up with a convergence of channel/price/psychological support @ around 100.
Twilio Inc. just crossed the 1D Rising Wedge to the upside (RSI = 64.940, MACD = 5.430, Highs/Lows = 3.6536) and has become very bullish on the medium term (STOCH = 74.055, STOCHRSI = 73.303, Williams = -20.473). This presents a very strong buy opportunity within the emerging Channel Up. Our TP is 145.00.
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