TWLO saw a meteoric rise in stock price late last year as well as just after its IPO. For a while now the stock has been showing significant divergence on everything from the weekly to the daily. The peaks of the buying volume has shrunk, average volume has shrunk, momentum steadily slowing down, peaks of SRSI have waned while the longer term RSI has steadily decreased. I see a quick bump in price action before the price corrects to proper values.Speculation: stock price is dramatically over-inflated from private and big bank investors. Long term the company and the stock price appear strong, but short term is headed into corrective territory.
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.
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.