DOCU bearish?DOCU with straight 40% down in one day after ER, consolidating. RSI was oversold on that 40% down and RSI did dead cat bounce in this consolidation phase.
multiple tries to break the consolidation but no luck. I assume, if it breaks the ascending triangle, another hit to 135 is possible or even lower.
DOCUD trade ideas
$DOCU - Coiling Under the GapThis ticker has the potential to make an extremely explosive move over the coming weeks. Price is slowly and steadily increasing while also tightening, meaning we're due for a move.
I'm biased to play this name towards the downside, but the volume gap above CANNOT be ignored. A break of 164 can aggressively send us upwards for the gap fill, resulting in some INSANE profits.
Will keep this one on the watchlist, and will let price dictate how I play it.
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 sign dead cat bounce overIn my last most I told you that docu would dead cat bounce and form a bear flag before heading lower and as you can see it has formed its flag or pennant. No it is not an ascending triangle. Why? because an ascending triangle entry forms from below and this entry was formed from the massive gap down. So consider the length of that gap down as the the length of the pole. Why is the length of the pole important ? Its important because the fall out of the bear flag usually matches the length of the pole.
$DOCU bullish reversal$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.
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A bear trap for $DOCU?Zoom out on daily and weekly chart for $DOCU,
And we can see the congestion area, broken out to downside, which was quickly reversed by upside course! - Bear Trap!
Upside course hit above the earlier long trading range, and is dangling around the same range!
Well, it didn't reverse quickly enough on daily or hourly chart, but we're looking at weekly chart, given the long term period, the upside reversal was quick enough!
I think it makes sense to rather wait for certain signals.
Price hits:
1. 255 - soft confirmation to the downside reversal
2. 210 - strong confirmation to the downside reversal
3. 320 - strong confirmation to the long term bullish trend, perhaps a breakout after 330-340!
Looking at analyst ratings, company's performance, and with digitisation on fire everywhere, I'd be interested to be bullish!
But, I'd rather wait for confirmations using 3 ranges stated above!!!
DOCU halfway there The difference between a correction, crash and a bubble pop? A correction is about 10-30% drop, A crash is 30-50%. What's happening to Docu,Zm,Pton,Chewy, SE,Upst,Roku and Wayfair is a bubble pop.
I wouldn't reccomend buying this, any bounce back is a temporary technical bounce.. If you look at the daily structure of the last 7 candlesticks you'll see a bear flag forming.when a stock nose dives so harshly, and becomes oversold on the weekly it'll bounce and give the perception that's everyone (Arkk) is buying the dip. Just look at the action on Pton and ZM after they tanked , there was a buy up for about a week and then a further downslide.
I expect Docu sign to be in the 60-70$ range by next summer if not sooner..
Check out the links below for examples
Idea about DocuSignDocuSign, Inc. is an American company that organizes and manages electronic agreements. DocuSign offers electronic signature services on a variety of devices. Founded in 2003. Headquarters in San Francisco, California. Revenue $ 0.545 billion (III quarter of 2021). Capitalization $ 30.4 billion
A trade on the breakdown of the resistance level of $ 155.
The instrument of the evening added more than 10% and did not roll back near the close. The direction of movement of the tool is up. It is reasonable to expect further growth.
1) Close of the daily candle near the level.
2) Close of the daily candle just below the HIGH.
3) Compression on the day TF.
4) Accumulation near the level.
5) Above, a large power reserve.
Long above $ 156.1 (entry with a limit order)
Goal 1: $ 165
Goal 2: $ 180
Stop below $ 153
If, after breaking through the resistance and entering the position, the instrument starts rolling back to the entry point, you need to close the position without hesitation.
NOT IRR
DocuI hopped on a trade of DOCU today of an ascending triangle breakout. I wasn’t able to post it bexusse I was really watching my trade. Target is 162$. We are entering a correction here I’m watching closely at this level of 152 to hold as support. If we lost it we might need to cme
Back to 150 or 145 for a double bottom Howver the daily is so over sold and we have a long swing up to retest the previous support as new potential resiatnce all the way up at 189. We could swing the next bounce back up to those ranges. It’s pretty clear we found resiatnce at 155 and so far holdinf suppprt 152.29. So watch these levels as a trading range to break one way or the other I’m bettin on the upside and have 160$ calls a few weeks out
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 HIGH VOLUME MONDAY!-ARKK several reports of buying multiple shares at this dip good for a long term dip buy or a quick scalp on Monday
-Will be watching volatility closely and Implied volatility on these options.
-Mainly just looking to profit off the hype on Monday looks like it had found its bottom here