BBTrader29

TWLO Head and Shoulders

Long
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.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.