DOCU has been a relative strength name during this bear market. Since the bounce started, DOCU has broken out of a consolidation base and has since pulled back to the breakout area. This ticker has benefited from the COVID-19 and has not yet made a big up move. If we start to reject the breakout zone, DOCU could be setting up for a big move past 100.
Trigger @ 90.10
Stop Loss @ 86.40
Target @ 105
Trigger @ 90.10
Stop Loss @ 86.40
Target @ 105
Note
DOCU just couldn't hold above. If we get a sharp recovery tomorrow back above the trendline and retest it again, this could be a nice bear trap long. Otherwise I would just ignore.Note
DOCU got the sharp recovery, however I wouldn't chase DOCU here. I want to see DOCU pullback first in order to lower risk. Otherwise if DOCU continues to take off tomorrow, just ignore.Note
Beautiful pullback in DOCU. Going to grab some shares here. Trade Journal to follow. 
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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.