DOCU bull flag setup
Scenario 1:
It is consolidating with declining volume. Possibly 1.5 more weeks of consolidating before the selling climax, breakout, and backtest.
Scenario #2:
It broke out on Jan 20th and is now backtesting.
Either way, a good spot to buy will possibly be at the 20 EMA.
Equal Legs PT: 298
SL: 245
Scenario 1:
It is consolidating with declining volume. Possibly 1.5 more weeks of consolidating before the selling climax, breakout, and backtest.
Scenario #2:
It broke out on Jan 20th and is now backtesting.
Either way, a good spot to buy will possibly be at the 20 EMA.
Equal Legs PT: 298
SL: 245
Note
well damn
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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.