DOCUD trade ideas
Head and shoulder formationLooks like a head and shoulder formation if there is a downtrend following the bull flag
DOCU back on uptrendkijun-sen breakout, bounce of SMA, stochastic leaves room to run, run to earnings.
$DOCU Waiting for Moving Average Support in DocuSign
DOCU's decline has stalled on previous support after 5 days in decline.
Thursdays rally may have been nothing more than a relief bounce, so we await
a reclaim of the 7ma.
RSi and Stochastic bottoming.
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DOCU - Bullish morning starAfter a rather steep correction, DOCU's signal to long is triggered today: a bullish divergence as well as a morning star (3 candlesticks) formation. I went long as soon as it surpasses the 1st morning star candlestick's body @ 197 with initial stop @ 192 (below today's candle low).
Planning to scale out partially @ 215 and then around 229 or trail stops upwards as the trade goes our way.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Docu Go Long minimal riskDocuSign with a strong uptrend post corona.
Respecting its lower support line every time.
2 very bad days give a good chance to go long now possible price target 230-250
Is now at 50sma 4 h Chart
Stop loss can be placed at 1 x true average range which is about 7 which means around 190-195 depending on risk level.
Docusign 20ema Since we crossed the 20 exponential moving average, we have tested it many times, to retreat and continue higher.
RSI has stayed above 50, showing no sign of strong selling.
DOCU - 8.68% Potential Profit - Ascending TriangleApproach 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
DOCU too extended to Buy, but look at that strengthDOCU has been outperforming Nasdaq Composite since January on the Daily view and since September on the Weekly view. It has stayed 30-40% above it's 50d SMA since a May 6 buy point. If it suddenly goes 2% below the 10d SMA, then I'd consider taking some profits. Otherwise, it would be better to go sideways for awhile and let the 50d line catch back up.
DOCU - Beginning of Corrective WaveDOCU has been on an incredible run for some time, I believe the pullback we see in price recently is the beginning of a light corrective wave to the massive run-up we've seen in price.
Price point of Invalidation: $203.50-$205.00
Price Target: $158.50 - $160 per share
$DOCU NEW 52 HIGH IdeaDOCU $205 call buyer for 8/28/20 gives this chart a little more spice. Buyer placed a $1M bet on the $205, furthermore a $3.7m bet came in @ $195 to form a higher low. Worth watching
DOCU a strong COVID play hitting breaks at the 9erIt needs to catch some breath and consolidate here.
DOCU at the supportPossibly a buy, but that huge drop was so fast and didn't retrace, might go through that support like butter.
