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
DOCU trade ideas
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 $190, which is less likely in my opinion. Let's wait and see how investors react on 3-4 Sep after earnings release.
Happy Trading!
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$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
DOCU back on uptrendkijun-sen breakout, bounce of SMA, stochastic leaves room to run, run to earnings.
$DOCU Waiting for Moving Average Support in DocuSign
DOCU's decline has stalled on previous support after 5 days in decline.
Thursdays rally may have been nothing more than a relief bounce, so we await
a reclaim of the 7ma.
RSi and Stochastic bottoming.
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DOCU - Bullish morning starAfter a rather steep correction, DOCU's signal to long is triggered today: a bullish divergence as well as a morning star (3 candlesticks) formation. I went long as soon as it surpasses the 1st morning star candlestick's body @ 197 with initial stop @ 192 (below today's candle low).
Planning to scale out partially @ 215 and then around 229 or trail stops upwards as the trade goes our way.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Docu Go Long minimal riskDocuSign with a strong uptrend post corona.
Respecting its lower support line every time.
2 very bad days give a good chance to go long now possible price target 230-250
Is now at 50sma 4 h Chart
Stop loss can be placed at 1 x true average range which is about 7 which means around 190-195 depending on risk level.
