TWLO trade ideas
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.
TWLO on watchTWLO after hours above $33. $35 looks to be a point of interest so see if it gets there and turns back down or wants to head up. We may need to watch this for a few days to get the direction right if it doesn't make it to $35 tomorrow. If it heads down first, look for $32 as a support area.
TWLO ShortDaily has hidden bear divergence
4 hr has already set up normal bear divergence (higher price lower momentum)
Price seems to stop around a possible support turned resistance point at 30s area. would like to see TWLO retrace back higher to 31 though.
if TWLO drops from here, will wait for a retrace on that drop to grab longer term puts
