in the absence of a broader and more protracted sell-off in the NDX ...
Twilio looks to have a better chance of regaining its linear regression line (currently around $338 or so) ...
and lesser of a chance of retracing to last September's price levels (lower 220s).
Current price levels reflect more of a "risk-off" sentiment for cloud based companies that outperformed in 2020, rather than a company performance issue.
Nevertheless, it's still in a downtrend and can remain oversold for who knows how long.
Twilio looks to have a better chance of regaining its linear regression line (currently around $338 or so) ...
and lesser of a chance of retracing to last September's price levels (lower 220s).
Current price levels reflect more of a "risk-off" sentiment for cloud based companies that outperformed in 2020, rather than a company performance issue.
Nevertheless, it's still in a downtrend and can remain oversold for who knows how long.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.