Docusign
DOCU 260 rally!?!DOCU looks to be setting up for a 260 test. The next few days will be key to a confirmation of a breakout or just a bounce. I will add to this writeup when I have more time.
Currently swingin 2/19 245 calls since last week. I am looking to add 2/12 250 calls if we can close over the 20 SMA on the daily chart to swing into next week.
Could DocuSign Finally Be Done w/ Its Months Long ConsolidationDocuSign has been consolidating within a $40 range since the beginner of August 2020. The stock price has broken above its resistance level of $230 three times since it reached this resistance level. Every time the stock has hit this ceiling it came back down to its support level of $190.
Now that the stock has broken its resistance level for the 4th time and has closed about it, could this be the end of the consolidation phase? Could the stock now be looking to start moving higher again?
If on Monday's session we can hold the line and close above resistance again, we may go to $252 and then possibly on to $270. And the old resistance will become our new support.
$DOCU - Bearish Daily candle formed at Right shoulder of H&S $DOCU forming left shoulder of huge Head & Shoulder pattern with bearish candle formed at top of right shoulder and required a bearish candle for confirmation.
Awkward monthly candle & Oversold indicators and with the bearish pattern it isn't a investable stock anymore!
Good Luck.
$DOCU - Is this the End of DocuSign Rally? Huge H&S -Target $153$DOCU forming left shoulder of huge Head & Shoulder pattern where confirmation is required.
Awkward monthly candle & Oversold indicators and with the bearish pattern it isn't a investable stock anymore!
In 15 mins timeframe, forming H&S.
Good Luck.
DOCU Testing July LevelsAfter a break in trend and a push down NASDAQ:DOCU has shown a depletion in seller power after bouncing off July resistance level. Ended the day showing a Bull Hammer candle and a shift in momentum. Resistance and support based loosely on Fibonacci levels from start of trend, mostly on retests however. Gap fill is price target on upside.
$OSPN OneSpan Bullish Technical / Fundamental Trade SignalOneSpan saw options trading volume of 5,818 contracts, representing approximately 581,800 underlying shares or approximately 147.6% of OSPN's average daily trading volume over the past month, of 394,105 shares. Especially high volume was seen for the $22.50 strike call option expiring August 21, 2020, with 612 contracts trading so far today, representing approximately 61,200 underlying shares of OSPN. Every time we have closed weekly above the 50W MA we have seen a major bounce.
$OSPN
Buy
Entry 18.98
Targets
21.01
23.00
Stop 17.80
Fundamental Research
- Announced minor accounting mistake ($2M of $500M Profit), reassured all beat/miss EPS still valid. Corrected Q2
- Did not file 10Q however filed next day from earnings
- 3 Day Rule After Crash
- Every time Closed Above 50W Big Move Up
- NASDAQ
- Software
- Multi-Vertical With Pharmaceuticals, Financials, Government, International, Healthcare, Small Business
- Recent Government Contract
- International
- Debt Free
- 20+ Years
- Educated Team
- Google Search Trends Up
- Website Traffic Up
- Subscription Transition Successfully with 30% Increase Q2
- Docusign Competitor (Recent HOT NASDAQ)
- 40% Crash After Over Reaction To Earnings
- Primarily Institutional Holdings
- Big Even $20 Completly Gapped On
$NASDAQ
$DOCU
$OSPN