DocuSign: Significant breakdown confirms long term reversalDocuSign - Short Term - We look to Sell at 220 (stop at 245)
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We have a Gap open at 227 from 03/12 to 06/12. Further downside is expected although we prefer to sell into rallies close to the 220 level. The reaction lower is negative and highlights a clear reversal. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 140 and 105
Resistance : 180 / 227 / 290
Support : 135 / 105 / 65
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DOCU
DOCUSIGN - Could Be Due For A Bounce, 10-15% Possible Soon?DOCU- May be a bit oversold considering it's still a viable company. And fundamentally they have out-competed everyone in this seemingly simple industry. They have good contracts with big companies and everyone uses DOCU. Maybe I am wrong but if nothing else we have a scalp opportunity with a gap above.This could take a week or so to play out but I think it will be sooner than later. NFA, DYOR
$DOCU bullish reversal$DOCU plunges after earnings. DocuSign (DOCU) late Thursday reported adjusted EPS of $0.58 in fiscal Q3, up from $0.22 a year earlier, and beating analyst estimates of $0.46 in a Capital IQ survey.
the fiscal year, it now projects revenue of $2.083 billion to $2.089 billion, compared with the Street estimate of $2.09 billion for revenue. In September, the company expected revenue of $2.078 billion to $2.088 bill.
Despite the drop. i think the company is doing ok and for large investors this is just profit taking for them to sell.
i this is a good dip buy opportunity if you look at their 3yr chart. i think the company is doing well despite the covid and inflation.
buy call above 160 Take profits at 165-167+
buy puts below 151.90 take profits at 148.89-146.89
always take profits as you see one. always follow your plan and risk management.
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities.
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DOCU Dump or Pump from the bottom?There is a daily wolfe wave setup in DOCU that has not yet triggered a buy entry. The setup appeared after the earnings debacle and we believe alot of people lost tremendous amounts of money using DOCU as a covid play. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approximately 300;however, note the wolfe wave apex is diverging instead of converging into an apex. The expected time frame for this trade idea unknown, however, using leaps 2024 OTM contracts is something to think about if you want to remove any short term uncertainty.
DOCU (1W) Midterm free fall incoming ? Pure speculation ;) Hi Traders,
Premarket 23% drop looks quite interesting. If something like this will occur, we can create a HUGE gap which should be filled in the futue.
Take this chart with a big amount of salt. Its pure speculation for mid-term downtrend because Impulsive wave of the price action is not 100% clear. What is clear, you can see a Bearish divergence of RSI and MACD what is not good sign.
Take care, trade safe and mary f@kin christmas ;)
Docusign Analysis 17.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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Classic Double TopWhat Is a Double Top?
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
What Does A Double Top Tell You?
A double top signals a medium or long-term trend change in an asset class.
A double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
Next Support levels will be
270
261
247
Reference Article:
www.investopedia.com
US Stock In Play: $DOCU (DocuSign Inc)$DOCU successfully broke beyond its 52-weeks high that was established in early September 2020, attaining a new all time high of $293.65 in its latest market session. The past four weeks of price soar in $DOCU (+22.96%) display a classical double bottom technical breakout from $235 since early June this year.
$DOCU shows that it has strong prospects ahead for the coming H2 and that it's not simply a beneficiary of the COVID-environment. It is one of the few SaaS stocks, that's guiding for solid profits at approximately 17% operating margins. With current price implied volatility remaining 40% below its the peak level in September 2020, $DOCU is poised for further upside with $300 as the next psychological price resistance level.
$DOCU provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements.
I like how $DOCU looks like going fowardI had my $DOCU on my watchlist for a while and I believe this is the time to be bullish on the stock!
Looking at the technical on the daily chart, I can point out the following:
1. The stock has bounce yet again off major support level between 180$-190$,
2. MACD is turning bullish,
3. RSI is in mid range, which I believe its a good indicator when a stock is trending up but does not get overbought,
4. During last week Friday sell off and looking at today's support, the volume of those red candles are lower if you compare the volume on the green candles. This could indicate that there are more buyer the sellers at this prices?
5. More broadly, it seems that some hedge found are investing again in Growth stocks a.k.a. Tech stock. This could be further cathalyst going foward that could push this higher.
6. I see possible level at 198.97, 202.34 and 205.66 in the short term and longer term going back to 230$.
Of course there is always big MACRO risk! To mention a few:
- Rising inflation and increase in 10 years treasury yield,
- Increase in market volatility,
- another rotation out of growth stock into value stock,
- Tax increase
- The bull market will finally be over :(
Do your own DD!
Happy investing!