Twilio Poised for Another Upward Try

San Francisco-based Twilio (TWLO) hasn't been trading for long but after an initial June through September rally that was given back in the next three months, the shares now look set to try the upside again. This possible upside move comes after basing out around $30. A five-month base pattern could be bigger but it looks capable of supporting a near-term advance to the $41-$42 area.

I have often commented in Kamich's Korner here on Real Money that new issues can be a problem for technical analysts who need price history and volume history to give a reasoned price projection. It seems that TWLO is showing the right kind of price action to inspire us....135 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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