DOCU trade ideas
DOCU criticalDOCU looking very dire, if it doesn't hold this support level, a big fall is likely. Popped back up today after futures took it lower. Needs to show it can stay above..
In the near-term this has a) gotta hold support, and b) regain averages and then c) break downtrend set back from Feb.
DocuSign Inc 🧙DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.
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DOCU (Earnings play)➡️Pattern recognized:
Running flat Elliott correction wave ABC.
➡️Hypothesis:
Bullish
➡️Catalyst:
Earnings in 32 days
➡️Conclusion:
Monthly calls that expire after earnings got my eye on DOCU 05/28 245 C
***This does not constitute financial advice.***
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looking for a dip on DOCU sooncongrats to longs that added with me at 200 support area! RSI is a little overbought now and we are struggling to hold/break SMA lines, I am all out and looking for another dip entry here in the next few weeks. patience is key here, goodluck! dont forget to like and follow if you enjoy me ideas <3
DOCU Setting UpDocu is setting up with MULTUPLE Timeframe squeezes.
Also in wolf wave 5. First short term target woudl be 225-227
Been doing well from a fundamental level of the company with everyone moving to digital signage during the entirety of pandemic. Easily becoming the norm even after evverythign is over.
Docu sign long term or short?! Docu sign a good stock for long term and oportunity for short term.
Entry point short term 230/225 price target 250+ stop lose at 240! Wait to vaiidate supp on time frame of 4h or one day.
Entry point med term 200 price target 250!
Entry point long term under 180 price target 300!
Avg of volume 210
Strong support at 200 and 190 dollars!
First resistence at 225, second at 250!
Good luck for everyone and this it-s not a financial advice!
DOCUSIGN #DOCU - Upside potentialNASDAQ:DOCU
Docusign #DOCU has been on a parallel channel since July 2020 and we believe can now offer some upside opportunities at least in the short run.
The price is breaking the descending trend-line
The MACD is signalling a potential crossover to the upside
The RSI is low and recently moved from oversold territory
Buy price USD 197.33
1st Target USD 217.00
2nd Target USD 240.00
Stop Loss USD 184.00
DOCU Heavy SupportDocusign has been trading rangebound for over 6 months now. It is back at heavy support and had a small bounce up yesterday. While it is fine to add a long position at this support, the market pressure on the tech growth stocks is pointing to a break below this support level which might result in a $20-40 move down leading to a potential short position below this support level. If it does hold the level and reverses, we can expect a $20+ move up.
DOCU options don't look too ideal for a short put or strangle play but are decent for direction verticals but spreads are still pretty wide due to low options volume.
$DOCU with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DOCU after a Negative Under reaction following its earnings release placing the stock in drift D
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