Twilio Inc (TWLO)

[AnthonyJackson]

There are not many stocks close to their 52 week lows. If you scan hundreds of charts, there is almost nothing left. The stock market is near all-time highs as even hated stocks like Chopotle Mexican Grill ($CMG) and Valeant Pharma (VRX) have jumped in recent days. One of the only plays left to squeeze higher is Twilio Inc (NYSE:TWLO). This is a very attractive accumulation play because it is a growth stock in an exciting sector. Down from highs near $71, it offers one of the only 'cheap' plays left in the stock market. In addition, there are 10 million shares short with a float of just 30 million. This means that any surge higher will trigger a massive short squeeze. The stock chart trigger for this massive short squeeze is any daily close above $28.50. This can clearly be seen in the stock chart below as $28.50 was major support, now resistance. Even yesterday, the stock opened above $28.50 but failed to hold above. The bottom line is, if Twilio closes above $28.50, it is will go to $40. Safe investors will wait for it to close above this level to buy.