DOCU - 8.68% Potential Profit - Ascending TriangleApproach this with care. Medium confidence on the Resistance Line due to a lack of touch-points.
Strong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Ascending Triangle formed within, just broken out.
Place a Limit Entry to ensure triangle support confirmation and decrease risk.
- Historical Uptrend and All-time High
- Pandemic-friendly Stock
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $220.43
Suggested Stop Loss $214.69
Target price $239.17
