TWLO trade ideas
TWLO Head and ShouldersTWLO has formed a head and shoulders pattern, where the neckline breakout level is at $149. Playing the trend up into the neckline for the breakout to $155 which would be a $6 range breakout which is the full range of the shoulders and 1/3 the range of the head, which is typically the proportions I aim for. This will also be a breakout into all time highs which can carry momentum. From the point of entry this potential profit is 6%. Also earnings comes out on July 31st which will want to sell before then.
TWILIO stays in the penalty box.Twilio has lost its appeal as many of the cloud kings have suffered a very poor performance in august.
Twilio has lost its crown to Shopify and Beyond meat as the darling of the stock market, many investors have rung the register post earnings which disappointed somewhat. Having the label of a growth stock when theat growth starts to show any weakness it spells disaster and panic among investors.
Twilio now has the task of luring back the growth hungry investor, earnings is 2 months away and we can't see any great bullish action until then.
