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DOCU - 8.68% Potential Profit - Ascending Triangle
DocuSign, Inc.
Long
DOCU - 8.68% Potential Profit - Ascending Triangle
By maschera
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Updated
Aug 7, 2020
5
Cheer
Cheer
Aug 4, 2020
Approach this with care. Medium confidence on the Resistance Line due to a lack of touch-points.
Strong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Ascending Triangle formed within, just broken out.
Place a Limit Entry to ensure triangle support confirmation and decrease risk.
- Historical Uptrend and All-time High
- Pandemic-friendly Stock
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $220.43
Suggested Stop Loss $214.69
Target price $239.17
Aug 7, 2020
Trade closed: stop reached
-3.22% loss (sudden daily drop)
Chart Patterns
DOCU
doculong
Technical Indicators
swingsetup
swingtrade
swingtrading
tradesetup
tradesetups
tradingsetup
Trend Analysis
maschera
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