BBTrader29

TWLO Head and Shoulders

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NYSE:TWLO   Twilio Inc.
TWLO 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.
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