DOCU trade ideas
$DOCU:NYSE - DOCUSIGN INC - Electronic document signaturesDocusign has been having a reasonably good run in the current environment. Up a bit over 100% since the end of last year it could be worth a watch.
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.
Triangle Pattern Bullish, $145 Target for DOCUFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, today I was recently bullish on Docusign and am also seeing it ranked highly by many analyst. Many people are expecting a 65 to 73%+ revenue increase by the end of the year. All the signs show strong buy signals and an expectancy to surge quite soon.
[$DOCU] ATH Docusign PriceFR/ EN
Bonjour à tous,
J'espère que vous allez bien et que vous profitez du déconfinement progressif :)
Le secteur de la crypto est dans une neutralité extrême avec des possibilités de forte hausse ou baisse ... Du coup, j'ai décidé de prendre un peu de recul et après une première analyse du secteur Cannabis Medical () j'ai décidé de porter mon attention sur Docusign !
C'est simple, forte hausse aujourd'hui qui propulse la valorisation de Docusign à plus de 22 milliards de $
Le COVID-19 a fortement favorisé la nécessité plus que vitale d'adopter la signature électronique pour faire avancer l'économie.
La barre des 130$ vient d'etre touché , et nous sommes en bonne voie pour continuer à toucher les sommets !
Depuis le plus bas du 12 mars , le cours a doublé et n'a pas l'intention de descendre! très belle perf !
PS: Ceci n'est évidemment pas un conseil en investissement :)
Stay Safe
PEACE!
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Good morning, everyone,
I hope you are well and that you are benefiting from the progressive deconfinement :)
The crypto sector is in an extreme neutrality with possibilities of strong rise or fall ... So I decided to take a step back and after a first analysis of the Cannabis Medical sector () I decided to focus my attention on Docusign !
It's simple, a strong increase today that propels the valuation of Docusign to more than $22 billion.
VIDOC-19 strongly supported the vital need to adopt electronic signatures to move the economy forward.
The $130 mark has just been reached, and we are well on our way to continuing to hit the heights!
Since the low of March 12, the course has doubled and does not intend to go down! very nice perf!
This is not a financial advise
Stay Safe
PEACE!
Signing Documents is a $22 billion businessDon't get me wrong, Docusign is a genius product. Today, it's valued at over $20 billion. This chart shows its market to all-time highs and its market cap.
A few questions to consider: is this market really that big? What is next for the company or what other areas can they expand into?
The other thought is that maybe, just maybe, the market is starting to overvalue the potential of certain companies. While Docusign is clearly a smart product innovation and product, it's also possible that markets are setting some lofty expectations for it.
Not short or long, just a post to make you think.
Docu & Sign This Long Term Trade!What I see...
+ Price held strong throughout Feb. and Mar. when the market tanked
+ Price rebound strongly with very high vol.
+ BO signal through the past 3 weeks
+ It is up ~ +30% for the year!!
+ Strategy: get into an early position before the June 5 earnings
Setup...
This is going to be a longer term trade
Entry above the high of the past 2 weeks
Stop set just under -2w low
Traget is 61.8 Fib or beyond; will probably set a trailing stop just to be safe
DOCU - SHORT SET UPDear Gamblers,
Here is an idea of DOCU.
All strategy explained in the graph.
Have fun gambling,
Kind regards,
BeniGo.
Trade Journal: Long $DOCU - 4/8/2020DOCU has been on my watchlist since last week and we are finally seeing some bullish price action for a possible move higher. DOCU has been resilient throughout this bear market has a clear line trendline acting as support. Last week, DOCU broke out but failed to hold above the trendline. This week, DOCU spikes above and held the trendline twice. I am getting long into this current consolidation with a stop loss below the previous higher low.
Entry - 89.56
Stop loss - 85.80
Target - 100 to 110
Another for the watch listDocusign closed above support with no resistance above it. Within striking distance of recent ATH with possible Blue Sky Breakout.
Miss the entry point at 68 during the crisisTarget 105
COVID-19 increases the demand for remote working. But I feel it is something gonig on...
Trade Idea: Long $DOCU @ 90.10DOCU has been a relative strength name during this bear market. Since the bounce started, DOCU has broken out of a consolidation base and has since pulled back to the breakout area. This ticker has benefited from the COVID-19 and has not yet made a big up move. If we start to reject the breakout zone, DOCU could be setting up for a big move past 100.
Trigger @ 90.10
Stop Loss @ 86.40
Target @ 105
DOCU heading to $100
Lovely breakout today despite a terrible market.
Relative strength cant be ignored
$DOCU can rise in the next daysContextual immersion trading strategy idea.
DocuSign has a strong upward trend.
This and other conditions can cause a rise in the share price in the next days.
I saw it again and opened a long position from $90,22;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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