I haven't been a fan of TWLO just due to too many negative earnings reports. I'm honestly surprised this stock ran up to beyond $400 earlier in the year, but alas my biases got the best of me then. TWLO has formed a confirmed descending channel and this stock has to fill the gap at $122 at some point, but don't count on that happening any time soon (at least until more negative earnings reveal themselves). As shown, the bollinger bands are tightening which is a signal of a big move coming. My guess - down. If TWLO breaks out of the channel to the downside, my first target is 215 within the next month or two. PUTS in the money or slightly out of the money are the wise decision.
Not financial advice
Not financial advice