DOCU flagSymbol DOCU
setup flag
Upcoming Earnings Jun 06, 2019 (EST)
Horizontal S&R: yes $54
Channel S&R: no
>20 & 50MA S&R: yes chopped around 50ma
>200MA: yes clear up trend
Volume confirmation: no no
Candle Confirmation: yes yes. gapped down on earning and finished strong
Stoch Divergence: yes turning up after testing buy zone
Reg Trendline >85: n/a
Short Float: 4% low float
Entry 55
Stop 53
Price Target 59
Risk / Reward: 1:2
Zacks Rank: 3-Hold 3 Style Scores: F Value | A Growth | D Momentum | C VGM Industry Rank: Bottom 34% (168 out of 256) Industry: Technology Services
Any feedback is welcomed.
DOCU trade ideas
DOCU- LONG idea -Wedge and BaseWedge and base formation. Starting to break the cloud, I'd look for some pullback and more consolidation along the conversion line (red Line) before entering. Blue rectangles represent area of overhead supply/resistance to break thru. Try for an entry around $43.25 since price should tighten up a bit. Nice vol spike on Jan 10th.
DOCU looks ready to jumpDouble bottom and break above the downtrend line could take this to 48, then 52, then final target 60 for earnings gap fill. Notice how RSI has been relatively stable around 40 during the downtrend and showing divergence. A bunch of bullish signs points to this one moving higher.