TWLO trade ideas
LONG TWLO GOLDEN CROSSI have been tracking TWLO for a while now and I believe that right now is a great time to get into a long position. Golden cross occured back in March 2018 and looks like it is getting ready for wave 2. If you are looking for an entry point. Great pullback and we just picked up great volume. Next stop would be 134.86 and if we clear that we will head straight to 150.47.
TWLOCloud stocks have been strong in general. Seeing a lot of similar flag setups here with TWLO...CRM...WDAY..
The key here for Twilio is seeing that it started consolidating above the September/October 2019 highs. Now using that as support. Still can't rule out a test of the 9 dma around 118, but 7 straight days of flat trading, a resolution should be imminent.
Last 2 "waves" higher have been up $19 (86 low in after hours..) and $27. Only bring it up because of the wave enthusiasts out there and the correlation between those prices and the next level of resistance being around $135 ($18 move from short term lows) and then $142-$144 (25-27 move up).
Stop/Loss being a breakdown below the flag:
TWLO looks ready to move higherAfter a brutal drop from $150 to $90, TWLO has found its feet. After breaking through the descending trendline, the stock has continued to find support at the new ascending trendline that was formed in early November. What we need to see now is a breakout above $100. If that happens, I'd be buying hand over fist.
Twilio hitting resistance Long term the picture remains strong but short term, some key Fibonacci levels are now in play added to that historical daily resistance at $117 is strong. The stock currently sits on the .382 level which is notorious for pullbacks and profit taking from swing positions so is is wise to be very careful in this region.
If market remains strong and another strong rally occurs today, technical s could have little significance as FOMO will take over.
Sellers dump TWLOWith the latest earnings report, TWLO gapped down below the $100 key psychological level on strong volume with similar strong selling volume seen last trading session as the stock revisited 100 on the retest. A further sell off looks imminent with sellers looking ready to bring TWLO lower.
Trade setup for TwilioEntry level $104 = Target price $108 on possible breakout from 4hr channel
Short interest 15.4%
Well below the average analysts price target of $138
Twilio, Inc. engages in the development of communications software, cloud-based platform, and services. Its platform consists of the following layers: engagement cloud, programmable communications cloud, and super network. The engagement cloud software addresses use cases like account security and contact centers and is a set of Application Programming Interfaces (APIs) that handles the higher-level communication logic needed for nearly every type of customer engagement. The Programmable communications cloud software is a set of APIs that enables developers to embed voice, messaging, and video capabilities into their applications. The super network is a software layer that allows customers' software to communicate with connected devices globally. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.
$twlo Awaiting buy signal in TwilioStill 32% off its 2019 highs the stock has shown signs of a reversal trade opportunity, they recent break of downtrend line is significant.
Closing above the MA26 would be encouraging .
&&12 ma crossing would be a buy signal on increased volume.
MACD and histogram bullish reversal underway.
Bullish divergence on Momentum indicator.