itshabib

TWLO pulling back, watch for a reversal soon

Long
NYSE:TWLO   Twilio Inc.
Pulling back from an ATH, I'd expect a little more before a reversal. I'm interested to see what happens at the 20 day MA around ~395-390, assuming it gets there. The extreme case would be a test of the bottom trend line but that would require a drop of more than 10% from here so I'm not sure about that one. With ES and NQ down, might be good to be a little patient on longs.

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