TWLO trade ideas
$TWLO - Nears Corrective Decline; CROW Eyes 54.56 - 08 AUG 2018$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
OR
2 - If price breaches 77.25 high, CROW target will require further revision, but Elliott Wave principle would likely apply such that 53.17 vicinity would likely be revisited. A more precise CROW target would still require further revision.
David Alcindor
TWLO EArnings Breakout / Flag PatternEarnings 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.
We are breakout here to highs. This looks like it can be a swing trade for a multi day run and a next leg up.
TWLO - Will go down to at least $68.35 tomorrow 8/14TWLO'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 this in 1-2 days as the weekly candles show that the stock is generally up, so this is only a dip in the weekly.
TWLO Long Side Bias....MonitoringTWLO
Long-Term (Weekly): Await 3 days after earnings so see how price reacts. Since YTD, price has seen 180% gains so it's pretty extended.
Mid-Term (Daily) : Price in strong price channel dating back to Feb2018. Recently had failed double top so bullish trend remains in tact. If new support is created at the 62.35 level, expect target upside to be at $71 (previous all-time high. Earnings is approaching so there may be a run up into earnings. CCI is oversold, MACD is neutral, and Volume is decreasing the latter being a concern for the long side.
Short-Term (Hourly): Monitor hourly to determine if new support has been established at 62.35.
TWLO: Going Long after RSI ConsolidateHi All
It's all in the chart, buy signal.
Due keep in mind, there is always a possibility of retracement.
The RSI does show overbought above 70 K-D.
This is a long position when enter.
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
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Happy trading People...
$TWLO a year long consolidation ready to resolveSince its initial IPO run and deflation since then, $TWLO has been consolidating well for the past year. On a weekly basis it is above its 8, 21 and 50 week averages. It is also looking great on a daily chart. Earnings are due out in 3 weeks but on a long term basis this might be the time to get involved with $TWLO.
TWLO longTWLO long base (similar look to TWTR base). Big volume week on earnings, low volume week on negligible selling, continuation this week and pushed through that 35 area. One to watch.
Push Push No Such Thing as Over-boughtIf it can fall 50% in a few weeks, it can rise 50% in a few weeks. Over-bought/Over-sold signals are just signals. Giddy'up!
TWLO - Looking for Double Bottom ConfirmationThere's a lot of heavy resistance. Let's try to break the first slanted resistance line confirming a double bottom.
