Twilio Inc. provides Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities. The Super Network is the software layer which allows its customers’ software to communicate with connected devices globally. Twilio Inc. is based in SAN FRANCISCO, United States.
Twilio announced lowered guidance May 2, as Uber, which was their largest customer, announce it was moving its business in house. This news drove the stock down to its lows for the move. This selling only lasted for a week, and since we are recovering off of the those lows.
We like the action and feel the stock is being accumulated at these levels. This stock has acted very well in the last week or so while the Nasdaq/Technology has been in correction mode.
We would like to the see Wyckoff Wave extend its current correction for a week or so, and for TWLO to backup to the $26.75 level. This could then be all clear signal to buy. Let’s watch!!
Three Month TWLO Chart