Twilio (TWLO) has started to pull back following the script of last month. Back on December 23 we wrote that "There is a possible spinning top on yesterday's candle pattern and today could give us bearish confirmation. With a bearish divergence on the weekly chart we could be starting a pullback to the $340-$330 area in the weeks ahead. Longer-term I would look for new highs in the months ahead."
Prices have reached the $340-$330 area but the weakness in the broad market to start the new year is telling me we could see a deeper pullback. Let's check out the charts again of this cloud communications platform.