Twilio seems to be broken out above a well-defined resistance zone around 137–138, signaling a continuation of its medium-term uptrend. The breakout occurs after a multi-week consolidation and confirms renewed upside momentum.
Price closed decisively above prior resistance with a strong bullish candle, indicating demand overcoming supply. The stock is trading well above its rising 50-day and 100-day moving averages, confirming a positive trend structure with higher highs and higher lows. Former resistance is expected to act as near-term support.
The breakout could open a momentum phase with limited overhead resistance. Follow-through buying is likely as trend and breakout traders enter on confirmation.
Entry around current levels 137–138. Stop-loss below the breakout level or the most recent higher low to protect against false breakouts.
Initial upside potential toward the low-to-mid 140s, with scope for further extension if momentum persists. Downside risk is defined and limited by the reclaimed resistance zone.
Conclusion
The technical setup supports a long position, offering favorable risk–reward in the direction of the prevailing trend.
Price closed decisively above prior resistance with a strong bullish candle, indicating demand overcoming supply. The stock is trading well above its rising 50-day and 100-day moving averages, confirming a positive trend structure with higher highs and higher lows. Former resistance is expected to act as near-term support.
The breakout could open a momentum phase with limited overhead resistance. Follow-through buying is likely as trend and breakout traders enter on confirmation.
Entry around current levels 137–138. Stop-loss below the breakout level or the most recent higher low to protect against false breakouts.
Initial upside potential toward the low-to-mid 140s, with scope for further extension if momentum persists. Downside risk is defined and limited by the reclaimed resistance zone.
Conclusion
The technical setup supports a long position, offering favorable risk–reward in the direction of the prevailing trend.
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