Look to short $TWLO near here. hope to see a small range day to play against a move down under or an RDR sell. want to see those days first because this has been one of the strongest names so be careful and play vs. a a level. The idea is a false breakout into a double top and now back testing resistance.
NOTE: these are my personal notes. At beginning you' ll see my overall thoughts - following is the logica for those who want.
December 5, 2018
Should I switch to short side - or this is just some shorter TF longs liquidations?
1. Now on decent support, trendline and small Hourly trendline. Can IT reverse here, squeeze shorts and find some new buyers...
TWLO TWLO has been oversold and great day momentum trade. Looking for resistance below current price around $63.50 area.
Market Cap is higher than Enterprise value, but the world is going to need more of what they offer....6.47B vs 6.1B.
VIX Rult #1
VIX Rule #2, don't forget Rule #1
VIX Just reminding you
About; Twilio Inc. offers Cloud Communications...
Earnings breakouts are some of the most powerful movements in the stock market.
TWLO a couple weeks ago had a massive move on an earnings beat.
We have had a nice orderly consolidation in this name since the earnings. The range has tightened and allowed the moving averages to coil up under the stock. This provides POWER and the basis for explosion.
TWLO's 233 minute candles show that the chart is coming off a high and dropping till it hits its middle bollinger band that is at $68.35 on the 233. MACD, StochRSI, the Moving averages, and Directional Movement Indicators have all crossed moving downward. This is a good opportunity for a put. This is not a long term short however. Recommendation is to get out of...
$TWLO - Nears Corrective Decline; CROW Eyes 54.56 - 08 AUG 2018:
Tentative count suggests near-completion of 5 wave impulse, pending correction
CROW Code suggests residual leg up to 77.78
TWO Possible Scenarios:
1 - Complete Wave Count:
Assuming tentative wave count completed at recent all-time-high, look for decline to 53.17, or CROW target: 54.56
2 - If...