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.......
DS3 trade ideas
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
7 Important tools:
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
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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DOCU SP FALLS AFTER WEAK Q4 EARNING REPORT, WHERE IS THE BOTTOM?DOCU stock lost $73 in the pre-market today after announcing a weak Q4 Earning report. Now it is at $160. Is it a good buy opportunity for the company believers or bargain hunters? Have a look at the chart, I think it should fall to the long term support trend line (in dark blue color) in a couple of days before starting a new uptrend for its sustainable growth. If this long term trend line cannot hold, it mean a long-term bearish trend will start.
I don't have any position with DOCU but will consider to buy a small amount of shares when it tests the long term trend line.
My idea can be 100% wrong, do your DDs before entering any trades.
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DOCU price predictionAfter DOCU bounced from the strong support of $73, as predicted:
now it could get even worst. the company is still a growth stock with negative earnings and a Market Cap of $18.443Bil.
i think it`s reasonable to believe it can touch the $65 support if it doesn`t deliver a great quarter.
Looking forward to read your opinion about it.
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DOCU bottom in? $122.39 the KEY support or risk drop to 89.49Plotted is a single set of Fib Extensions based on the "Impulse".
Golden fibs are the 1.618x multiples acting as "major" landmarks.
Darker Blue fibs are "semi-major" ratios and lighter blue "minor".
$ 122.39 is the current major support just passed.
$ 109.83 is a tired support that will not hold again.
$ 89.49 is the next stop if current golden fib is lost.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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Docusign areas of interesta bunch of interest here. it makes sense that it continues to fall given the current outlook. yellow is realistic. IF we do hold this support then the rest is written out. looking for a regain and retest of high support. healthy to get rejected there come back to generate momentum to push towards ath. three price targets marked.
Parabolic ArcMost arcs fall between the.618 and .786 fib levels. Price is between these 2 levels now. Price can fall more or less than these fib levels. Price can also fall below the bottom on occasion.
These are difficult to trade at the top due to extreme bullishness. The bullishness has chilled out and that is the time to maybe take a look at the security.
An ARC can be volatile for quite a while after falling back to earth.
This is a monthly chart and steep rises are often easier to see in weekly and monthly time frames.
Short interest is 4.45%/Earnings are 3-3 AMC.
No recommendation/Remembering buyers become sellers/just try not to get stuck up there when the tides change )o:
DOCU-Oversold on the 1W chart (not shown).
-Oversold on the daily with lots of bullish divergence showing up in the indicators I like.
-This is worth watching for a reversal, imo, especially if price prints an inverted head and shoulders pattern, which it may be about halfway through printing now.
-We may see support and consolidation around the $110 level before a reversal.
-If a new uptrend starts, my long-term price targets are $155, $180, $230, and $300. There's pretty good confluence between my horizontal support/resistance zones and fib extension levels to support those targets.
-Whatever happens next, I'm keeping my eye on this one. I think it has a lot of potential once it completes a reversal and begins a long-term uptrend.
Never trade based on someone else's ideas.
Have fun, and good luck!
Script to monitor MA by multi timeframe to strict BUYI created a simple script "Moving Average MTF - Binancash" based on MA multi-timeframe and Super Trend CCI to strict BUY.
This script is a study case to monitor stock when the market is bearish
Let's use Support & Resistance and stop-loss if you want to try to trade.