0 iwantmoney Posted March 21, 2019 Author Share Posted March 21, 2019 Quote Link to comment Share on other sites More sharing options...
0 Rakesh Upadhyay Posted March 24, 2019 Share Posted March 24, 2019 Twilio has been in a strong uptrend since Feb. of last year. During this period, it has risen sharply from close to $24 levels in early Feb. to $136 on Mar. 21. What is the next target on the stock? The price is above both the moving averages, which are trending higher. The 20-day EMA is above the 50-day SMA and the RSI is in the positive territory. This confirms that the stock is still in a strong uptrend. For now, the stock is rising inside an ascending channel, If the stock stays inside the channel, it will indicate strength. The next target to watch on the upside is $149. The bullish view will be invalidated if the stock breaks down of the channel and the moving averages. In such a case, the stock can drop to $98. So, the view is that the stock is in an uptrend and if it continues to trade inside the channel, it can reach $150. This view will be negated if the bears sink the price below the channel and the 50-day SMA. Quote Link to comment Share on other sites More sharing options...
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