benjamin.society500

TWLO Long Side Bias....Monitoring

NYSE:TWLO   Twilio Inc.
TWLO

Long-Term (Weekly): Await 3 days after earnings so see how price reacts. Since YTD, price has seen 180% gains so it's pretty extended.

Mid-Term (Daily) : Price in strong price channel dating back to Feb2018. Recently had failed double top so bullish trend remains in tact. If new support is created at the 62.35 level, expect target upside to be at $71 (previous all-time high. Earnings is approaching so there may be a run up into earnings. CCI is oversold, MACD is neutral, and Volume is decreasing the latter being a concern for the long side.

Short-Term (Hourly): Monitor hourly to determine if new support has been established at 62.35.
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