Twilio Inc. $TWLO has been on its own bullish trend, despite the 2018 contraction in the overall markets. While it may have become choppy since October, it continued to make higher highs and higher lows, accelerating the rally by the turn of the year into February. TWLO Daily Chart(click to enlarge)Waiting for a Pullback:- I think after the break above $100, the market got very excited and pumped up another 20%. - I believe TWLO will pull back after this surge. - In fact, I think it will pull back sharply towards the $90 area. - I am not buying TWLO, but if I were, I would consider $90 and not any higher. - In fact, I would not be surprised by a deeper pull back towards $80. - This deep pullback would still be within the context of an overall bullish market. - There is also a remote chance that price will pull back to test the 2016 high and critical resistance around $70-$71, as support.- Thus, even though I would start buying at $90, I would prepare dry powder down to $70.