Docusign - An Opportunity for New Entrants
▫️Docusign - 
DOCU - for new entrants
▫️ Bottom to bottom cycles are 26 - 31 weeks
▫️ I am hoping for a pull back into that window between 26 - 31 weeks to add an allocation.
▫️ This would coincide with the 50 weekly moving average and some good historic price support.
▫️ A bid at the range $70 - $76 would be ideal but as low as $66 would be better.
▫️ The DSS Bressert also seems to indicate a pull back us due.
Company has a nice balance sheet and high deferred revenue, meaning purchasers have paid up front for future services demonstrating they have faith in the company and what it provides. Docusign is integrated with some of the largest companies in the tech industry and likely to grow with these companies. The company piggy backs off all the growth in these firms and has had delayed price action relative to the tech greats it is aligned with.
Sorry for these rougher charts but better to get them out than not at all.
One to watch
DOCU - for new entrants▫️ Bottom to bottom cycles are 26 - 31 weeks
▫️ I am hoping for a pull back into that window between 26 - 31 weeks to add an allocation.
▫️ This would coincide with the 50 weekly moving average and some good historic price support.
▫️ A bid at the range $70 - $76 would be ideal but as low as $66 would be better.
▫️ The DSS Bressert also seems to indicate a pull back us due.
Company has a nice balance sheet and high deferred revenue, meaning purchasers have paid up front for future services demonstrating they have faith in the company and what it provides. Docusign is integrated with some of the largest companies in the tech industry and likely to grow with these companies. The company piggy backs off all the growth in these firms and has had delayed price action relative to the tech greats it is aligned with.
Sorry for these rougher charts but better to get them out than not at all.
One to watch
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