DOCU trade ideas
Docu 4H shorthead & shoulders and a lot of divergences between indexes, decreasing volume buyers, bulls beware
Awaiting Clear confirmationMy theory on this stock is as follows
- strong buy rated stock with a long term positive outlook
- clear channel boundaries that have been respected excluding a large sell off
- Evidence it is bouncing off the previous range before the sell off
- Last weeks candle and hopefully this weeks candle show a clear indecision in the market (hammer pin bar or something similar) alongside last weeks candle would be fantastic.
My bias would be to go long.
If your view is long term my theory is this trade will be correct.
$DOCU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DOCU after a Negative Under reaction following its earnings release placing the stock in drift A.
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9/20 DOCU(1) DOCU touched the support
(2) volume came in last week and last friday
(3) weekly chart looks ok for far
DOCU Breakout$DOCU power of three play with all ema's stacked together. Positive earnings reaction. Targeting 1.618 fib extension.
Trigger: Price > $314.5
Target: $325
Trade Vehicle Options (2-4 weeks out):
9/17 $325C @ $3.60
9/24 $325C @ $5.35
10/1 $325C @ $7.50
Long $DOCU CMP $299.13Long $DOCU CMP $299.13. Good consolidate from last few days. Forming flag. Above all moving averages. Possible target $315 in coming days
DOCU Earnings Run UpLooking for a bounce from the golden pocket heading into earnings. Must hold this level here. Trade invalidated with a daily close below the .786 ($279) fibonacci retracement level.
Docusign Analysis 17.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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Classic Double TopWhat Is a Double Top?
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
What Does A Double Top Tell You?
A double top signals a medium or long-term trend change in an asset class.
A double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
Next Support levels will be
270
261
247
Reference Article:
www.investopedia.com
DOCU - Consolidation on pullback (8/16/2021)Strong leader breaking out of a long term stage 1 consolidation. First consolidation since started stage 2 uptrend. Volume is also drying up which could mean sellers are tired.
Entry: $298ish
Stop: $291ish
Risk: 2.3%
DOCUAnalysts began to increase the price, so let's assume that the correction ended within wave 4 and wave 5 awaits us. Suppose that wave 3 is already in progress within wave 5, so we will wait for the correction to 264 and holding the level or breakdown of 289, holding and continuing the movement to our goal.
Pay attention also to the presence of the formation of small bearish divergences on the RSI, MFI, which may be just a harbinger of the fact that there should be a small correction. (also that this is the end of growth)
DOCU Long and Short callsRiding nicely in channel up and coming off bottom. Picked up calls at low of channel yesterday and swinging for gains
DOCU Long callsI'm in on commons plus opened up call position yesterday at bottom of channel. Seems consistently on uptrend in channel
DOCUone of my favorite lines is "upper wicks are for selling". I believe this name is exhausted. I'm looking for a move much lower, where I can be a buyer in the $280 range.
Docu Rising wedge1.Showing rising wedge
2. Decreasing Volume
3. outside bollinger bands
4. overbought on RSI
DOCU Basing off the long term rising channel 311.92 is the max level I can see we getting too unless we some how blow through. I see more bearish coming in the near short term but once the drop happens will have to see how it plays out. I have entered shorts and will try to upstate when I take profits.
DOCU Possible Short Back Through Broadening Formation So DOCU recently had a simultaneous break on the quarterly and monthly through $286.51 but I missed the second break out after the first pullback. We have a possible broadening formation though so we may get a short 2-1-2 entry on the daily back to support where we could potentially turn around and go long on the long term. Trigger for the short is below the low of the 1 at $294.21 aiming for $290.50. At that point I'd be looking for another reversal off the support at $286.51 for a long term bullish entry. DO NOT go long right now; that's chasing and we don't do that. The short is pretty aggressive so keep that in mind.
DOCUCurrently trading at the trend resistance (red line) and RSI is at overbought level for almost a month now. A possible short opportunity.
DocuSometimes buying a put at resiatnce is the smarting thing you can do for your money. While hype and excitement is around , the TA is showing 309.85 is very very critical resiatnce. Puts will be cheaper. We did have a breakdown that fakeout upon the confirmed back test as resiatnce and we broke back into the channel. However , her we are again just a few dollars from that same resiatnce line that rejected us last time. Just food for though, still watching that 268 support level once we get rejected again. My insight is 309$-311
DocuShort is paying out . Posted this a while back looking to back test that same rising channel as now reistance. This could hit 287 howveee getting strong resiatnce at 4hr 20 ema at 283.70s. Looking closer to 286-287 for more out positions of it will get there !
DOCU Called for a short up in the 290 range. So far paying out very good. I’m watching this 50 ema on 4hr as support roughly 272. Could come back to back test the patter as resiatnce and move further. If it falls right through then I’ll be looking for my targeted area below and I’ll be really tightening stoploss
