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.
0XNH trade ideas
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
DOCUSIGN Parabolic SurgeDoucsign has gone completely parabolic since the pandemic started with professionals working more from home. We're looking for the first sign of a top to take a short position on this one. The trend is your friend, so we're waiting for a reversal confirmation as it may still have room to run.
First Target:
$165-$170 range
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Double Up On $DOCU | Buying Shares Docu Up $147% Since March Earnings Report
Back in April, we tried to play Docu with $105 calls but sadly didn't pay for the time. If we would've thrown 3 months of time, each contract would be $8,000 each at the least ($80 in the money).
Our Play (Rating 9/10)
-Doubling up on our portfolio, adding 10 shares
- Options Play: $18 7/10 Call @ $390 per contract
Do not trade this, not financial advice
DotcomJack
Docusign Momentum AnalysisI love Docusign as a long term investment but right it is up over 134% in a little over two months!!!
Everything is screaming to short IF it breaks that lower trendline. I put one in anyway for shits and giggles.
Look to go long around $70.00 otherwise I think it is overpriced.
$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.