Twilio Stock fell 7%; Will TWLO Stock bounce back from $60.00?
Keuangan Saham Twilio turun 7%; Akankah Saham TWLO bangkit kembali dari $60.00? 2 menit yang lalu Berita Bitcoin Ethereum Twilio Stock Price (NYSE: TWLO) fell 7% in a single day and sellers attempted to break the $60.00 support. TWLO Stock formed a bearish engulfing candle and dropped below the 50-day EMA. Twilio stock faced rejection from the 200-day EMA showcase the positional trend remains down. However, the buyers are to defend the $60.00 support. If they succeed then the probability of trend reversal will increase. Twilio Inc released the previous quarters earnings on May 9, 2023. It reported better-than-expected results due to which the stock price reacted positively. TWLO stock took a U-turn from the $45.00 level and began to rise upward by forming higher highs. It rallied 57% approx in a short period of time. The momentum halted near $70.00 and prices entered into consolidation. For the past two months, Twilio share price consolidated in the narrow range between $60.00 to $70.00. It formed a short-term base and buyers tried multiple times to expand the range upward. However, the attempt was not successful. Twilio Stock Price closed the previous session at $62.26 with an intraday decline of -0.91%. The market capitalization stands at $11.45 Billion. Will Twilio Stock test