DOCU trade ideas
$DOCU DocuSign needs to break POC resistance
No Buy yet in DOCU until it can break above the
Fixed Range POC (redline) which as acted as strong resistance.
Potential long above $216.00
Short term targets $227 - $234
Local support is now quite well defined @ $200
Nasdaq:DOCU DOCUSIng Inc -Big bang moveOut of consolidation of typical Flag pattern
Invested
Disc: sharing only for educational purposes
DOCU broadensmegaphone-ish broadening, but will consolidate and regather around S2: 174
E: 190 (fib .786 retracement holds)
T1: 216
T2: 225
S: 177.81
#DOCU nice #Rollercoaster short today#DOCU nice short at the open using W5T Rollercoaster indicator on TradingView. Framed the chart on a daily channel, marked out the gap (body to body not wick to wick just my preference) dropped it down to a 5 min chart
using W5T #BITS indicator to locate trades inside the gap. There were 2 nice trades $25 and $13 possible plays going down and one up.
Docusign into ER looking like beastexpecting somthing like zoom today...maybe a 20-30% move if we lucky, if not an additional 10-15% move up
DOCUWhat a move in DOCU today. Had position but earnings coming up and absolute worst option markets, so closed position this AM.
Strong Bullish Trend 🔥. Target: $275Greetings. DOCU is in a very strong bullish trend. I've analyzed the monthly, bi-weekly, weekly, and daily charts and I assess the bullish trend continues, despite the high deviation from the 21 EMA. I anticipate a price move in tandem with the earnings report on 3 Sep. If price breaks above resistance, I anticipate a $275 price target before 16 Oct, based on the the channel, as depicted on the daily chart shown below. Alternatively, DOCU could consolidate to allow the 21 EMA to catch-up, which would extend the target date for the $275, likely into Dec 2020. A third possibility is retrace to support around $190, which is less likely in my opinion. Let's wait and see how investors react on 3-4 Sep after earnings release.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
$DOCU Strong Conviction Long -Target $257I have rode this stock at least 5 times with call spreads but oddly have not posted about it for some reason. Here’s my thesis;
1. I use it to get paperwork signed religiously since COVID-19 hit, and I work for a very large investment firm.
2. Realtors rely heavily on it as well
3. Read 1 and 2 again
4. On Thursday, 9/3 DOCU is expected to report its first profits, as a publicly traded company.
5. My target is $257ish.
Docusign (DOCU)This thing has gone straight up and has been a beneficiary of the COVID pandemic. DOCU has currently been consolidating after its huge run from about $65.
DOCU PT $262 or $182Docu has been on an absolute parabolic move lately. Will it continue? it is currently forming a bull pennant that if the top breaks, should send this to $262. If the pennant fails, this should drop to the bottom of the pennant and could begin the formation of a bull flag. If that fails, Docu could be heading back to $152 which would be very normal after this excessive run. Fib levels state the could be a retest back to the 1.618 level or roughly $152.
❗ DOCU (8/31) - (9/4) ER Options Play ❗$DOCU ER (9/4)
Current price @216.30
LONG
Bullish Above 215
Price Target @221.20 (Resistance on Friday)
Ideal Target @228-229 (Resistance, near ATH)
Breaking above ATH and we'll push to 239-240.
Play Invalid under @214.40 (SL)
SHORT
On the downside, break and holding under 214.60 and we'll pull back to 206.69-208.10
Be careful. Possible Head & Shoulders. Support at $190Greetings. I’m slightly bearish on DOCU based on the potential head & shoulders pattern forming on the daily chart. The weekly MACD (not shown) is currently bearish. I also notice bearish divergence on the RSI indicator, which indicates that demand for this asset is waning and the trend may reverse into a bearish trend.
Happy Trading!
Head and shoulder formationLooks like a head and shoulder formation if there is a downtrend following the bull flag
