CFD Trading – Buy Twilio. (TWLO.NYS) @$360.00. Stop @ $329.00 and Target @ $405.00

Twilio Inc. Stock Code TWLO.NYS

Outlook
Price broke above the cloud two days ago and this could be the start of an uptrend which could bring price back to the previous high at $405.86. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD has turned bullish and is moving higher and away from the zero line, hinting of a bullish price trend. Going by the Ichimoku E price projection, the upside has a price target of $408.40, which is just above the previous high of $405.86.

Strategy                  
$360.00              Buy
$405.00              Price Target
$329.00              Risk Management Stop
3 weeks              Trade Duration

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