Shares of Twilio Inc (NYSE:TWLO) hit major support today at $38.25. It will likely bounce sharply to $50 in the coming days. This stock chart support came after $TWLO dropped from $70, straight down. This means not only did the stock hit major support but it came from an oversold condition which ups the chances of a major technical bounce. Lastly, shares reversed off the $38.25 level to turn positive, now hovering just below $40. This reversal confirms the major support level and huge upside potential. I bought $TWLO. Signup free to Verified Investing to get my live trades with exact entry prices, targets and stops.
Verified Investing is free to join, there is never a subscription fee. Members gain instant access to live trades from 1000s of Pro Traders, getting exact entry prices, stops and targets. Every trade from every Pro Trader is verified and track records are compiled (view them here).