I posted an idea for TWLO two days ago and it looks like it's ready to continue its uptrend from a tight consolidation. It briefly established a new high today and the bluesy breakout set-up is potentially going ahead, if overall market sentiment remains bullish. This company has been on a tear since 2017 and has provided me a hefty 400% return since 2018. TWLO...
I've had $TWLO on my watch list for awhile now and it's looking more and more like it's getting ready to break out and up... I'll be looking for an entry above the wedge with some volume pushing it out. Ideas, not trading advice.
With the stock market bouncing higher off support I felt it would be a no brainer to scan through some chart for some high probability trades. Luckily, I found one... Twilio .
You're Saying buy a Stock up 200%?
Yes, I am saying that buying Twilio isn't all that bad given the set up. Regardless of whether Twilio is up 200% since the March 16 low price action is...
A system used to take advantage of assets that are in the middle of an intermediate uptrend or advancing phase. The objective is to find periods of temporary weakness or pauses within a trend that can be used to initiate positions. Positions are held from days to weeks with the goal of accumulation of numerous small profits.
Blue Sky breakouts are different from...
Twilio Inc (TWLO - NYSE) is in impulse wave pattern in 2 hr time frame. It is in 4th wave correction, but it is difficult to say that it is over or not, it may take the structure of triangle, or complex. But it is highly likely to make new high to complete the sequence. In weekly it is in its 5th wave up move. So its a good buy trade.
After a massive gap up, TWLO seems to be forming a bit of a head-and-shoulder type formation. My read: large confluence of factors implying 180 is a key level to hold. Failing to hold this 180 level would activate this trade.
Given the neck-to-head-peak of 210-180 = $30, this gives a projection for downside to $150 from the neckline value around 180. This is...
Twilio has first shown sign of weakness of May 26, and despite a quick recovery on a drop the following day, weakness ensued the following week.
Conditions have been met and trade will be active soon as market opens.
Stpp loss on limit or on change in market conditions.
Target $165
Based on recent major price swings I used the fibonacci tool on the chart to predict possible price destinations in an uptrending action for this stock. Going long from this level requires some risky trailing stop distance from price action due to the volatility.
