CFD Trading –Buy Twilio Inc. (TWLO.NYS) @ $62.90. Stop @ $59.80 and Target @ $74.40.

Twilio Inc. Class A Stock Code TWLO.NYS

Outlook

Price managed to stay above the cloud during a price correction keeping the uptrend intact. Price also managed to hold above a previous support level, strengthening the uptrend call. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD remains bullish and is hinting at a bullish price trend. If price is able to stay above cloud, it could be heading towards the previous price high at $75.40 in the next 2-3 weeks.

Strategy                  

$62.90                Buy

$74.40                Price Target

$59.80                Risk Management Stop

3 weeks              Trade Duration

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