SPY building a few notable patterns. On the daily, a clear bullish flag. On the hourly over the last 3 days, an ascending triangle, where it’s attempted to break 413 numerous times but failed. Closing below 410 on the hourly may indicate further show-term downside pressure to 416. However, if we don't see that buying strong names near the bottom of the channel is...
Daily MA is coiling above the 69 VMA +++
Bullish breakout out of the pennant is in progress +++
Range has been quite narrow +
Showing similar price action as NFLX. I expect upward pressure to build to test 200 DMA in coming days.
Disclosure: Went long yesterday at 50.65...for now I will use that as the stop loss. Target 60.
Weekly RSI divergence
Monthly Demand Zone
Earning 11/03/2022 reported -0.27
Entry 49
Stop 41
Target 65, 75
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
It is important to remember that trading in any financial market carries inherent risks, and it is essential to develop a sound trading strategy and properly manage your risk in order to minimize potential losses.
The PEAD projected a Bearish outlook for $TWLO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
levels are easy to see, if support hold it could be a nice buy over $88, but if twlo breaks down before the close of the monthly candle, expect prices to hit the 30s eventually.
Two years ago or so I was hanging with some traders around the New York Stock Exchange building in NYC. I was speaking to one trader who had been watching many SaaS & tech stocks breakout, climb higher, and higher, and while he appreciated the business models and articles he read, the move seemed to remind him of the Dotcom Bubble.
One company he spoke about was...
yes it just tagged the 0.78 fib level which is typically a bottom
could it go further down...sure
why not..
wish me good luck folks.... i am almost all in now...could not resist the tempt to buy...
Appears to be a baby spinning top hanging on the resistance line.
Price is over the prior Channel Down today.
Price is just above the .886 of the trend up.
It is almost unbelievable that TWLO was over 400 dollars within my lifetime! (o:
Perhaps the market did get a bit out of control for a while and perhaps this was slightly overvalued? Dunno.
Earnings...
Twllio showed resilience during the market sell off today. It is up against a resistance around $78.40 area.
If it can break above $78.40, it can head to $90 area.
Bullish Target - $90
Risk - fall to $69.80
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Disclaimer: Not investment advice.
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Price has broken the bottom trendline of the Rectangle which is also a possible short entry level.
I see a lot of stocks in rectangles at the bottom but there are still some rectangles at the top. For many at the bottom, there is also a channel down imposing another diagonal resistance trendline that price has to break to get anywhere.
Many securities in this...
TWLO has established a strong support zone around 62 - 68 as can be seen on the weekly chart.
Weekly bullish divergence in it's RSI can be seen since June while the stock was meandering lower, eventually hitting into the long term support zone and we finally saw a good bounce off this zone on strong volume yesterday.
There is a good chance that this zone will...
Twilio is good stock if you are thinking about adding a software and cloud communication/network stock to your watchlist/portfolio. It is currently showing a possible sign of basing, but I think it has a way to go down! The original Heavy buying positions from IPO '16 to beginning of '18 is the $32.65 area! The next set of buyers from Nov. '18 to now are @$92.30...
