Can TWLO break the 75 barrier this time? Bull flag looks good!
- Since the big gap down on Nov earnings, TWLO has been building a foundation
- It rallied, filled the gap but got rejected at 75
- It has since full re-traced to 45, found support and now building on a new push to break 75
- Bull flag formed with a consolidation between 62 and 69 since mid May
- Last Friday broke out of range, got rejected by the middle of range of area of balance late 2022
- Fib extension 0.786 target is 80.34 and 1.0 is 85.51
- It rallied, filled the gap but got rejected at 75
- It has since full re-traced to 45, found support and now building on a new push to break 75
- Bull flag formed with a consolidation between 62 and 69 since mid May
- Last Friday broke out of range, got rejected by the middle of range of area of balance late 2022
- Fib extension 0.786 target is 80.34 and 1.0 is 85.51
A step at a time, break 71.25 first!
Have sold puts and will continue to sell more if it back test the MA5/MA20 confluence of 65.
Have sold puts and will continue to sell more if it back test the MA5/MA20 confluence of 65.
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meruson : one step at a time. nice one.
AsphenOP meruson: yeah... the road to recovery is always good if on steps rather than a spike up.