DOCNCUP on the ATH .................................
this is because tradingview asked me to write something
DOCN trade ideas
DOCN - Another Great Name To Buy, But Not HereDOCN looks like it could be a really winner in time, but right here it is a dangerous recently added stock.
It is showing bearish divergence on D RSI and looks to be forming a head and shoulders or some kind of breakdown pattern. RSI currently testing the centre point so good chance a downtrend is coming.
First I will be looking to see how impulsive the down trend will be.
It it is reasonable gentle to the downside then I will consider to buy when RSI overbought.
I will not be shorting.
Not advice
CITRON is giving a GREAT LONG opportunity with $DOCNCitron following swing trading strategy idea
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $52,60;
take-profit — $57,43/MOC;
stop-loss — $50,98.
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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DOCN rising wedge quick tradeQuick trade on NYSE:DOCN rising wedge forming.
Possible breakout to the downside, so I'm taking profit at 58.80 and set a stop loss as per chart, unless we get breakout to the upside.
Disclaimer: The information is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
Long term hold opportunityDigital Ocean is a cloud computing company that's gaining real traction with small and medium businesses due to their managed services.
Compared to AWS their simplicity and ease of use is what makes them very developer orientated.
Remember, startups have limited resources and many time a dedicated site reliably engineer that can manage kubernetes and deployments on AWS is just too expensive to hire.
This is where Digital Ocean comes in where for lower fees they offer managed services and end-to-end documentation so developers can focus most of their time on building products not configuring servers.
I love the service ,and I'm looking to long term hold this as the total addressable market share is big and growing
IPO of $DOCN just happened and I'm very bullish on this stockOnly if the right pattern appears.
Like Roblox which broke down and is finding a lower pirce of $64 rather then the $70 during its IPO.
So for Digital Ocean on a Friday - I think we will see the same, the market is working thru all this negative news making holding on another IPO - a much easier option.
I would watch these levels to see an opportunity to enter into $DOCN once it settles and finds its base in the next week or so.
