DOCN ona 120 minute chart has downtrended into the support of a 0.5 Fib retracement from
the rise after the November earnings. and the triple top then trend down from the
last earnings. I believe that is is well situated to rebound toward that triple top again
in the next three weeks until earnings. I realize that based on the inicators a long trade
would be buying weakness but I believe buying at undervalue is a good buy low with
an expectation of 15-18% upside.
the rise after the November earnings. and the triple top then trend down from the
last earnings. I believe that is is well situated to rebound toward that triple top again
in the next three weeks until earnings. I realize that based on the inicators a long trade
would be buying weakness but I believe buying at undervalue is a good buy low with
an expectation of 15-18% upside.
Trade active
DOCN had a nicde jump. One third of the position closed to gain realized profit. Trade is now risk free.Note
Sideways in the mid-week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.