TWLO trade ideas
TWLO Long rebound with trend reversal chance waited patiently and entered long TWLO here for 27$
rsi higher low double bottom but price on lower low, indicates that hidden bear div is resolved, wyckoff spring with low volume, there is no interest in selling for this price anymore so price going to get chased higher
great risk reward aiming 32$+
intraday - 15 min chartA or B? personally, i think B with the all the major bids at 29.60, 29.50 area
same pattern develpoing?not saying its going to happen but possible scenario. will see. renko chart looks little bearish though. no position
$TWLO Begins Its Mega Bounce...Shares of Twilio Inc (NYSE:TWLO) bounced hard on Tuesday. This was the first big up day in weeks and likely marks a major bottom in the stock. Not only was it a significant bounce, but more importantly it was a strong bounce in a sharply lower market. This adds credence to the idea that it is a major turning point for a big move up. The stock has collapsed from $70 to its current level with no bounces. If this bounce takes hold as expected, upside is likely a move to $50.00.
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tagging downtrend line no touch until it closes above the down trend line with volume and follows through
TWLO watching for a bounce tomorrowTWLO is approaching the support level and has had a nasty washout on the daily, watching for the bounce tomorrow
