DOCU DocuSign to test its last supportIf you haven`t shorted DOCU DocuSign, Inc. here:
Then looking at the DOCU DocuSign options chain, i would buy the $45 strike price Puts with
2022-11-18 expiration date for about
$3.90 premium.
Yes, i think it can test its last support this year.
Looking forward to read your opinion about it.
DOCU trade ideas
DOCU DocuSign Options Ahead Of EarningsIf you haven`t shorted the speculative bubble:
or the potential support test:
Then you should know that looking at the DOCU DocuSign options chain ahead of earnings , i would buy the $42.5 strike price Puts with
2022-12-16 expiration date for about
$2.76 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
DOCU LongRSI divergence
Demand Zone
Wedge breakout + retest
Earning 12/02/2022 Est. 0.42
Entry 43.5
Stop 39
Target 56, 75
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
DOCU is very likely to break the upper edge of the triangleHorizon: 2-3 weeks
Target: $90
Stop order: $50
Technical analysis
The paper came to a strong support level. It is worth opening a position from the current level at 5% of the portfolio.
Fundamental Factor.
DocuSign, Inc. - an American company headquartered in San Francisco, California. The company offers organizations solutions for managing electronic agreements with an e-signature service. DocuSign will release a financial report Thursday, Sept. 8, after the market closes. Analysts expect revenue to rise to $602.219 million and earnings per share to $0.424. If the report beats analysts' expectations and the company's management gives a good outlook, the market could put this positive value on the stock.
$DOCU -76% DISCOUNT (52-WK) -81% (ATH)!DocuSign is good stock if you are thinking about adding an AI & Software stock to your watchlist/portfolio. It is currently showing a good buying pressure with the last 2 months being green, but I think it has a way to go down! The original Heavy buying positions from IPO '18 to Aug. '18 is the $52.30 area! The next set of buyers from Oct. '19 to now are @$62.50 area! Which is good entry to swing to the $315 ATH, but the $52 entry area is a SNIPER! anything in between those two are good entries for long-term.
DOCU: Signing offDocuSign
Short Term
We look to Sell at 70.93 (stop at 74.97)
Preferred trade is to sell into rallies. 71.00 has been pivotal. Further downside is expected although we prefer to sell into rallies close to the 71.00 level. The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 59.99 and 55.19
Resistance: 71.00 / 88.00 / 110.00
Support: 60.00 / 58.91 / 56.00
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DOCU dead cat bounceLikely nothing more than a dead cat bounce. CEO stepped down abruptly, negative EPS, higher employee turnover, economy and housing coming to a grinding halt, is DOCU business model bleak? The chart has lots of overhead resistance on Fibonacci, Williams alligator, 20 day moving average, 50 day moving average, 200 day moving average, the cloud resistance it's been trading under for months in a downward trend. Bear markets contain many violent rallies to the upside which are generally opportunities for bagholders to sell before the next leg lower. Friday many stocks surged into the close where DOCU lost 25% of it's daily gain and high volume after touching FIB .382. Guess we'll see next week.......
Earnings watch 3/9Earnings watch 3/9: I was so busy yesterday I never got to publicly post earnings.
DOCU
SFIX
RENT
ENZ
FCEL
VNCE
MTN
NIO
SIG
BILI
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
TTC - trend channel
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