Jim Cramer pointed out to viewers of Mad Money Thursday night that two of his tech favorites, Twilio (TWLO) and Okta (OKTA) rallied 4.8% and 5.5%, respectively. We looked at TWLO back on March 23 and wrote that "Two out of three investment approaches say to sell TWLO -- the charts and now the quantitative method. Avoid the long side. We could see prices test the 200-day moving average line in the weeks ahead."
Prices weakened into the end of March and indeed tested the 200-day moving average line. Let's review the charts again.