Shares of Twilio Inc (NYSE:TWLO) collapsed on Tues

Shares of Twilio Inc (NYSE:TWLO) collapsed on Tuesday after-hours, following earnings from the cloud company. Twilio issued very weak guidance and investor sold it hard. In recent weeks, the stock had rallied form near $26 to $35. In other words, investors were betting on a good report. That was not the case. In terms of technical support on the stock chart, there is only one level. When the stock went public back in June 2016, the low was $23.75. This is the only support based off technical analysis. Interestingly enough, Twilio Inc was trading at this level in after-hours action. Investors should be very careful here and watch to see if Twilio can hold the $23.75 price point. If it does, the stock may bounce nicely. If not, it is headed to at least $20.00.