TWLO oversoldin 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.