Twilio (TWLO) was on a rollercoaster ride in 2016, ending the year with a sharp slide from a height of almost 71 to a low at 26 by the start of 2017. Since then, price has been consolidation roughly between 26 and 35. Twilio (TWLO) Daily Chart(click to enlarge)Range Resistance, Bearish Scenario:- As we can see on the daily chart, price has again climbed from the lows near 26 to almost 35. - There is no evidence that price will break this resistance. For now, we should respect it.- Because the prevailing trend going into the 2017 range was bearish, we can have more confidence of the bearish outlook.- A conservative bearish outlook would be the middle of the range, which is around 30.50. - But I would not be surprised if price simply continues lower towards the 2017 low at 26. Bullish Scenario:- However, if price DOES break above 35, we should anticipate a strong push at least towards 40.- The most aggressive bullish outlook above 35 should be limited to 44, where we can see some support/resistance pivots from 2016.