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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