DOCU trade ideas
DOCU Testing July LevelsAfter a break in trend and a push down NASDAQ:DOCU has shown a depletion in seller power after bouncing off July resistance level. Ended the day showing a Bull Hammer candle and a shift in momentum. Resistance and support based loosely on Fibonacci levels from start of trend, mostly on retests however. Gap fill is price target on upside.
$DOCU Basing / Consolidating - Watch List$DOCU has been in a consolidation pattern here for a quite awhile with quite a bit of volatility that seems to be calming down. I'll be looking for a reversal bar to take out today's high of $195.24. Worthy of your watch list. Could happen tomorrow... TBD. If we get a reversal with volume and a good market I'll be taking a small position just to get started. Ideas, not investing / trading advice.
$DOCU holding supportTicker: $DOCU
- Bouncing nicely at trend support (wedged between the support and resistance of previous trend support)
- If we can hold support and break higher I am looking for a move to 217
- Needs to take out its trend resistance
$DOCU DocuSign Bulls should be concerned Not a good close on Friday for DOCU, volume actually increased as selling supply was high.
Strong rejection off the 50ma.
Support levels to watch on Monday
$196.45 is weekly horizontal support
$191.00 is major volume shelf support, below
that level and capitulation is on the cards
For the optimists the 50ma must be reclaimed.
$DOCU DocuSign needs to break POC resistance
No Buy yet in DOCU until it can break above the
Fixed Range POC (redline) which as acted as strong resistance.
Potential long above $216.00
Short term targets $227 - $234
Local support is now quite well defined @ $200
Nasdaq:DOCU DOCUSIng Inc -Big bang moveOut of consolidation of typical Flag pattern
Invested
Disc: sharing only for educational purposes
DOCU broadensmegaphone-ish broadening, but will consolidate and regather around S2: 174
E: 190 (fib .786 retracement holds)
T1: 216
T2: 225
S: 177.81
#DOCU nice #Rollercoaster short today#DOCU nice short at the open using W5T Rollercoaster indicator on TradingView. Framed the chart on a daily channel, marked out the gap (body to body not wick to wick just my preference) dropped it down to a 5 min chart
using W5T #BITS indicator to locate trades inside the gap. There were 2 nice trades $25 and $13 possible plays going down and one up.
Docusign into ER looking like beastexpecting somthing like zoom today...maybe a 20-30% move if we lucky, if not an additional 10-15% move up
DOCUWhat a move in DOCU today. Had position but earnings coming up and absolute worst option markets, so closed position this AM.
Strong Bullish Trend 🔥. Target: $275Greetings. DOCU is in a very strong bullish trend. I've analyzed the monthly, bi-weekly, weekly, and daily charts and I assess the bullish trend continues, despite the high deviation from the 21 EMA. I anticipate a price move in tandem with the earnings report on 3 Sep. If price breaks above resistance, I anticipate a $275 price target before 16 Oct, based on the the channel, as depicted on the daily chart shown below. Alternatively, DOCU could consolidate to allow the 21 EMA to catch-up, which would extend the target date for the $275, likely into Dec 2020. A third possibility is retrace to support around $190, which is less likely in my opinion. Let's wait and see how investors react on 3-4 Sep after earnings release.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
$DOCU Strong Conviction Long -Target $257I have rode this stock at least 5 times with call spreads but oddly have not posted about it for some reason. Here’s my thesis;
1. I use it to get paperwork signed religiously since COVID-19 hit, and I work for a very large investment firm.
2. Realtors rely heavily on it as well
3. Read 1 and 2 again
4. On Thursday, 9/3 DOCU is expected to report its first profits, as a publicly traded company.
5. My target is $257ish.
Docusign (DOCU)This thing has gone straight up and has been a beneficiary of the COVID pandemic. DOCU has currently been consolidating after its huge run from about $65.
DOCU PT $262 or $182Docu has been on an absolute parabolic move lately. Will it continue? it is currently forming a bull pennant that if the top breaks, should send this to $262. If the pennant fails, this should drop to the bottom of the pennant and could begin the formation of a bull flag. If that fails, Docu could be heading back to $152 which would be very normal after this excessive run. Fib levels state the could be a retest back to the 1.618 level or roughly $152.
❗ DOCU (8/31) - (9/4) ER Options Play ❗$DOCU ER (9/4)
Current price @216.30
LONG
Bullish Above 215
Price Target @221.20 (Resistance on Friday)
Ideal Target @228-229 (Resistance, near ATH)
Breaking above ATH and we'll push to 239-240.
Play Invalid under @214.40 (SL)
SHORT
On the downside, break and holding under 214.60 and we'll pull back to 206.69-208.10
