TWLO trade ideas
TWLO at great move up, even breat all time highNYSE:TWLO
Well, TWLO just gave all the signals that it will keep going up
First of all, the phenomenon up trend that keeps going up for few months.
Second, Is the Fibonachi correction it did,
Last, and the most important, it broke the all time high some days ago, and stay above it!
As I see it, this stock will give me some ride up.
Not a very long term position, but defenatly worth it.
Trading this stock is by your own risk.
Cup and HandleTWLO was trading in a bull flag pattern and did it was supposed to do..now has formed an intra-year cup and handle pattern..
Price is at the top of the bollinger band but the bands are in contraction, meaning a possible break one way or the other..
Relative strength is with TWLO..Monthly candle is bullish and the stock is not overbought on RSI..
Big volume spike at gap up pushing price up..No rising wedges in the yearly chart..surprise!
NV and OBV are up there and short interest is low..
I wish I had jumped on this one at the bull flag break out but I guess I can not buy everything! LOL
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Targets are calculated using the depth of the cup...
Mid cup is at 298.25
Not a recommendation
Cup and HandleTWLO was trading in a bull flag pattern and did it was supposed to do..now has formed an intra-year cup and handle pattern..
Price is at the top of the bollinger band but the bands are in contraction, meaning a possible break one way or the other..
Relative strength is with TWLO..Monthly candle is bullish and the stock is not overbought on RSI..
NV and OBV are up there and short interest is low..
I wish I had jumped on this one at the bull flag break out but I guess I can not buy everything! LOL
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Targets are calculated using the depth of the cup...
Mid cup is at 298.25
Not a recommendation
TWLO target 260-270 for C wave retracement, bullish if above 341Really overextended off the march lows, definitely want to see some type of correction. If it clears the wave 5 high, chart looks bullish, but I would like to see a retracement, anywhere in between 270 and 260 before it heads back up. Copyright Rohan Karunaratne 2020
TWLO LongIn long term uptrend
Wedge breakout + Revisit trendline
ABC Pattern target 380
Fib. Ext. 1.618 target 395
Entry 277
Stop 247
target 380
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.