TWLO trade ideas
TWLO nearing a topLooks like a classic EW to me. Top in the mid to high 70's. No higher than 84. Then a correction phase.
Shooting star on a day chart.I see a shooting star on the daily charts. Unless you play the long game, you don't want to be in this tomorrow.
TWLO breakout above trend line resistanceTWLO broke out today and volume is tracking slightly above average. There are actually multiple breakouts on this chart...
1. Trend line breakout
2. Break above the 5ema
3. Break above resistance at 59.40
4. Break above resistance at 60.69
I like the 56.50 level as near term support. That is the point were the 5ema just crossed back above the 10ema and was yesterday's low.
$TWLO downtread broken and volume catching upTWLO first piercing of downtrend with Volume signals a nice B/O , continuation of uptrend with confirm
PREMIUM SELLING: TWLO OCT 21ST 45 SHORT PUTI generally don't like to ride broncos right out of the stall, but I might make an exception here ... .
This is because the Oct 21st 45 short put is currently bid 3.00, ask 3.80 (mid 3.40). That's $340 in premium for a one contract 58 and change underlying ... .
Alternatives:
Sept 16th 45 short put: bid .95, ask 1.11, mid 1.03.
Oct 21st 40 short put: bid 1.65, ask 2.10, mid 1.87.
I wouldn't be looking to acquire here, but rather to just squeeze some premium out and would look to take it off at 50% max profit. Broncos can make for an awfully rough ride ... . Ordinarily, I'd strangle this, but am hesitant to take on potential upside risk if this becomes a rocket sled sorta thang ... .
descending triangle patternjust a thought. maybe or maybe not. will be what happens. will play either way
TWLO, a long ideaLook at TWLO on a daily chart and it seems to me it may be forming a high flag pattern (bullish).
