JohannesHhn

Twilio Options

Long
JohannesHhn Updated   
NYSE:TWLO   Twilio Inc.
Hey, I want to share this with you.
Maybe you have something to say to this.

Twilio since End of August '19 -30% (correction after good uptrend)
bullish Flag downwards

hitting and staying on upper channel, previous time we hitted it broke down so this time seems to be different, more stable at the upper channel but no clear breakout, maybe coming in the next days (Option A) or we will resume staying in the channel on the upper side and wait for the breakout (option B) the more short term bearish option (option C) would need another downward move to maybe 85-90 again but the probability isnt that big? EMA 1h showing bullish signs with topping EMA26 and incoming EMA100 crossing EMA200.

Let's see.

I Think it should be Option B, too less dynamic for Option A and too bullish outlook for Option C. So little pos. now and another one in few days/or after it went down a little.
SL around 96 or just sit in there for while, long term it will go up
Comment:
the upper channel is definitly a bigger resistance, as we can see it dropped after hanging around at this position.

so it dropped a little more than in my option b mark predicted, but there is a support at $95. Is this the lowest chance we can get? Could be possible but it could also be possible seeing some more downside. For the moment its Option C which is dominating | following the downtrend. But this little fallback could also be seen as a small regeneration of dynamic to move/break the upper channel with gained momentum.
I would say buy, SL close to current level maybe $94.3 if it breaks down it should stop at 89$

I'm just trying my observation skills to read charts (trying to learn)
Comment:
As we can see Option C was/is the way it goes still in down trend channel. If 95/96 falls we can see 89 with high probability
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