Twilio has recently become a key member in the COVAX Initiative, an organization that aims to help over one billion people around the globe get their COVID vaccines. Every day, Twilio's messaging is helping people find locations, remind them of appointments and coordinate their follow-up care.
Turning to their business, Lawson noted that businesses need to customize experiences and tailor them to the needs of their customers. That's why Twilio is rolling out new services, like segments, which allows companies to communicate across multiple channels.
Lawson also commented on the importance of trust. He said consumers don't want companies to share their information with others, which means they need to use the data they already have to create all-new ways to engage. No one wants to call a call center anymore, he added, which is why most companies are adding email, phone, text and chat so customers can engage no matter where they are.
Let's check out the latest charts of TWLO.
We last looked at TWLO on April 16 (https://realmoney.thestreet.com/investing/taking-another-look-at-twilio-s-charts-15626795) and recommended " Aggressive traders could begin probing the long side of TWLO risking below $350. $413 is our first target."
In this updated daily bar chart of TWLO, below, we can see that traders should have stopped out of longs in May when prices moved below $350. Prices look like they are reversing the downtrend from mid-February with a higher low in June versus May. Prices are testing the 50-day moving average line from below and holding onto gains above the rising 200-day moving average line.
The On-Balance-Volume (OBV) is showing improvement from May and signaling a shift back to more aggressive buying. The Moving Average Convergence Divergence (MACD) oscillator is poised to cross above the zero line for a new outright buy signal.
In this weekly Japanese candlestick chart of TWLO, below, we can see a couple lower shadows in May as traders rejected the lows below $300. The slope of the 40-week moving average line is positive and prices are trying to close back above it.
The OBV line is showing improvement from early May. The MACD oscillator has been narrowing and is getting closer to a new buy signal.
In this daily Point and Figure chart of TWLO, below, we can see an upside price target of $366.
In this weekly five box reversal Point and Figure chart of TWLO, below, we can see a $502 price target.
Bottom line strategy: Traders could try the long side of TWLO again at current levels risking to $278. $366 and then $425 are our nearest targets. $502 is our longer-term objective.