DOCU Long callsI'm in on commons plus opened up call position yesterday at bottom of channel. Seems consistently on uptrend in channel
DOCU trade ideas
DOCUone of my favorite lines is "upper wicks are for selling". I believe this name is exhausted. I'm looking for a move much lower, where I can be a buyer in the $280 range.
Docu Rising wedge1.Showing rising wedge
2. Decreasing Volume
3. outside bollinger bands
4. overbought on RSI
DOCU Basing off the long term rising channel 311.92 is the max level I can see we getting too unless we some how blow through. I see more bearish coming in the near short term but once the drop happens will have to see how it plays out. I have entered shorts and will try to upstate when I take profits.
DOCU Possible Short Back Through Broadening Formation So DOCU recently had a simultaneous break on the quarterly and monthly through $286.51 but I missed the second break out after the first pullback. We have a possible broadening formation though so we may get a short 2-1-2 entry on the daily back to support where we could potentially turn around and go long on the long term. Trigger for the short is below the low of the 1 at $294.21 aiming for $290.50. At that point I'd be looking for another reversal off the support at $286.51 for a long term bullish entry. DO NOT go long right now; that's chasing and we don't do that. The short is pretty aggressive so keep that in mind.
DOCUCurrently trading at the trend resistance (red line) and RSI is at overbought level for almost a month now. A possible short opportunity.
DocuSometimes buying a put at resiatnce is the smarting thing you can do for your money. While hype and excitement is around , the TA is showing 309.85 is very very critical resiatnce. Puts will be cheaper. We did have a breakdown that fakeout upon the confirmed back test as resiatnce and we broke back into the channel. However , her we are again just a few dollars from that same resiatnce line that rejected us last time. Just food for though, still watching that 268 support level once we get rejected again. My insight is 309$-311
DocuShort is paying out . Posted this a while back looking to back test that same rising channel as now reistance. This could hit 287 howveee getting strong resiatnce at 4hr 20 ema at 283.70s. Looking closer to 286-287 for more out positions of it will get there !
DOCU Called for a short up in the 290 range. So far paying out very good. I’m watching this 50 ema on 4hr as support roughly 272. Could come back to back test the patter as resiatnce and move further. If it falls right through then I’ll be looking for my targeted area below and I’ll be really tightening stoploss
Thanks!It's been real!Bye! * Drives off into sunset in new lamboThe lemon has been squeezed. Time to get out...
US Stock In Play: $DOCU (DocuSign Inc)$DOCU successfully broke beyond its 52-weeks high that was established in early September 2020, attaining a new all time high of $293.65 in its latest market session. The past four weeks of price soar in $DOCU (+22.96%) display a classical double bottom technical breakout from $235 since early June this year.
$DOCU shows that it has strong prospects ahead for the coming H2 and that it's not simply a beneficiary of the COVID-environment. It is one of the few SaaS stocks, that's guiding for solid profits at approximately 17% operating margins. With current price implied volatility remaining 40% below its the peak level in September 2020, $DOCU is poised for further upside with $300 as the next psychological price resistance level.
$DOCU provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements.
DOCU BUY OR LONG TARGET $370DOCU also confirmed a Rectangle pattern target of $370
with a stop loss at $265 (8%). #Rectangle.
Good luck
DOCU Great pop back to rising channel. Seems to be at resiatnce here starting to roll. Will def be looking for a short postion at least to 263 area ! Will be looking for a postion to add to tomrorow !
DOCU ShortSupply Zone confirmation
Bearish engulfing
Short below last low
Short 277
Stop 293
Target 190
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading entries:
OBV and OBV SMA comparison;
Williams %R two lines;
Cup and Handle/Possible Pull BackProbable Pull Back. Possible divergence. Borderline overbought with RSI on 80 verses 70.
Price is outside the bollinger bands set on an 80 dma which indicates extreme buying pressure. In the past when DOCU goes over the top band, it pulls back to the safety of the bands. When price is over the bands with a moving average of 80, then price is truly in an uproar. Very bullish. It just doesn't usually last too long and price comes back down.
Price hit long entry level, but is now back below the former cup high. The left side of a cup is the sell side to many and the right side is the buy side. There was some heavy duty buying for sure and price made a very steep climb.
I would wait on this to come back to earth and pick a good long entry level, but we are all different.
Possible bearish divergence on RSI. Some like to double check to see if it is there on weekly. Most use to peaks to draw bearish divergence and the valleys to draw bullish divergence.
MC Mid cup is at 227.48 which is also a source of support. There is a gap up below price with a huge green volume bar and a pocket pivot also lurks there.
No recommendation
DOCU - Breakout OccurringDocusign is beginning to breakout. Look for some buying opportunities if the breakout holds
