DOCU- LONG idea -Wedge and Base
Wedge and base formation. Starting to break the cloud, I'd look for some pullback and more consolidation along the conversion line (red Line) before entering. Blue rectangles represent area of overhead supply/resistance to break thru. Try for an entry around $43.25 since price should tighten up a bit. Nice vol spike on Jan 10th.
Note
Moving protective stop to $52.56 - 10 day low or could do 3 EMA as market looks like it may turn or channelNote
Stop moved to $54.34 below 10 day low. Taking 1/2 profit, 3R trade so far.
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.