I am not as confident on this one and I think it needs another daily candle to close to confirm. Starting to become oversold, bouncing off the 72/89 EMA cloud, and down from recent highs of over 280. Nearly a reversal hammer candle on the daily. This may have a nice comeback, but will depend on market conditions as well as investor reception to cloud stocks.
Note
No position yet, but may present a short opportunity below the marked .382 fib. A bearish close changed what may have been a bullish reversal Doji into a negative one. Still oversold, we will see if this bounces or falls lower.Order cancelled
This idea was overall a failure. While there was an initial pop from TWLO that's all she wrote. The short idea would have panned out better, and as it is now sitting at the 50 day EMA it may provide a nice short setup going into next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.