Twlio (TWLO) reported Q1 earnings after the 5/2 trading session, and for the most part it met expectations. Here's an excerpt from Yahoo Finance:Twilio Inc. TWLO reported first-quarter 2017 results yesterday, wherein the top line came ahead of our expectations, while the bottom line matches the same. Also, the company witnessed year-over-year improvement on both the counts.Although the company reported adjusted loss (including one-time expenses and income but excluding stock based compensation) of 14 cents per share, the figure came in line with the Zacks Consensus Estimate. Furthermore, on a non-GAAP basis, the company posted a loss of 4 cents which not only compared favorably with the year-ago quarter’s loss of 5 cents, but also its own guided range of a loss of 6 –7 cents.The year-over-year improvement in the bottom line was mainly driven by strong top-line growth, which was partially offset by increased operating expenses and higher share count.Maybe investors are getting impatient because the guidance is not optimistic. Price has been ranging throughout 2017 as noted in the previous update. In yesterday's analysis, we also suggested respecting TWLO's resistance around 35.00, with a target back towards the lows around 26.0. Here, price plunged even below 26 to close around 25.00, almost a 30% drop. Twilio (TWLO) Daily Chart(click to enlarge)The Plunge:- The daily chart shows the massive plunge that basically caused TWLO to open up the trading day 24.60 after closing at 33.94 the previous day. - This dip was accompanied by massive volume. - Even the 23.66 low from 2016 is not safe as support.- This is another case, where I would not want to pick a bottom. - We should at least wait for the decline to slow down and form a bullish divergence with the RSI before anticipating any significant rebound.