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| Twilio Inc. Daily |
A recently listed company, this stock started off it's debut with a bang having run from IPO price of $15 all the way up to $70 before sellers winded their momentum and sent the price back towards it's listing levels.
The depth of the fallback was a sheer 57% drop before a throwback set in however effort was feeble and it wasn't long before the sellers took control again.
What distinguishes the two parts of the downtrend is the characteristic of lows and particularly how they were registered.
In the first phase there was no support whatsoever from buyers which meant price kept sinking past previous lows whereas in the second phase there's a display of buyers gradually stepping in and producing the necessary zeal to allow for a throwback.
The current rally in place is the strongest yet with signs of buyers emerging by indications of the price securing itself above the previous low near $28.
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