TWLO was trading in a bull flag pattern and did it was supposed to do..now has formed an intra-year cup and handle pattern..
Price is at the top of the bollinger band but the bands are in contraction, meaning a possible break one way or the other..
Relative strength is with TWLO..Monthly candle is bullish and the stock is not overbought on RSI..
NV and OBV are up there and short interest is low..
I wish I had jumped on this one at the bull flag break out but I guess I can not buy everything! LOL
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Targets are calculated using the depth of the cup...
Mid cup is at 298.25
Not a recommendation
Price is at the top of the bollinger band but the bands are in contraction, meaning a possible break one way or the other..
Relative strength is with TWLO..Monthly candle is bullish and the stock is not overbought on RSI..
NV and OBV are up there and short interest is low..
I wish I had jumped on this one at the bull flag break out but I guess I can not buy everything! LOL
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Targets are calculated using the depth of the cup...
Mid cup is at 298.25
Not a recommendation