TWLO trade ideas
Possible reversal in the makingI am not as confident on this one and I think it needs another daily candle to close to confirm. Starting to become oversold, bouncing off the 72/89 EMA cloud, and down from recent highs of over 280. Nearly a reversal hammer candle on the daily. This may have a nice comeback, but will depend on market conditions as well as investor reception to cloud stocks.
$TWLO looking for next leg up to a higher fib levelBeautiful price action around those fib levels. Closed 2 cents below the 0.618 at 264.47, if it opens above and holds it should move towards the .786 fib level at 288.56 over the course of the next week. It tried to break and failed at this level on August 3rd 2020. After recent explosive movements from other cloud stocks, $TWLO may follow suit.
Momentum and Stochastic for $TWLOGREAT momentum for this stock IMO!
I was able to get into the dip after missing the run up from 240!
The Company is well positioned to close the year strong as investing in CPaaS companies as technology and communication will continue to play a larger role in our lives going forward (thank you COVID-19).
Looking at the daily, you can see that some investors took advantage and reposition themselves, taking out some from $TWLO and putting them in more down beaten stocks probably. However, you can also see how quickly the stock recovered off the support around 240$.
Today is nearing to all time high! Will be looking at resistance level 282 and waiting for a breakthrough!
As usual, do your due diligence! Happy investing
TWLO - 16.92% Potential Profit - Uptrend CorridorUptrend Corridor bounce with target price set at resistance bounce.
- Strong Uptrend
- RSI above / STOCH about to cross 50
- MACD above Signal
Suggested Entry $254.57
Suggested Stop Loss $245.26
Target price $297.63
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
TWLO short term reversal to continue uptrendI'm expecting this stock to breakout of the wedge pattern and continue the overall uptrend. I don't normally use Fibonacci retracement levels but wanted to estimate some levels of resistance. Will be taking profits at the 0.382 level and my stop is at 242.43. What are your thoughts? My only concern is it looks like there is a looming death cross. My entry was at the yellow line.
$TWLO - coiled up and readyOK.
This can be another $BABA Trade. Has all the signs for it.
The smartest move here is to take the trade - non directional bias. Follow how I constructed $BABA
IVP is 30%, but the HVP is 40% - Comparing them both, we can expect both to converge. That would mean, Either it consolidates for 1 full month (like the GDX trades I posted) or it moves like BABA.
Many ways to trade this scenario, You can choose one and try to manage the trade.
