Guidance Raised! - Achieved breakeven profitability on a GAAP basis
- Morningstar raised fair value to $74 (currently trading at 24% discount)to FV
-Trading at less than 6x forward gross profits
DOCU trade ideas
Watchlist 2023-06-09 $DOCU $INTC $SMTC AMEX:SPY getting ever so close to breaking out from the 430 level after a nasty fakeout below the 426 support. For a BO we can trust, the ideal situation would be to find some support off the open near 428 and then attempt a BO. We don't want this to go right off the open as it's less likely to succeed.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:INTC - juicy technical break out over 31.50 with buyers aggressively stepping up at 30 . Lots of resistance at 31.50, and 33.80 but if chips can get moving INTC has room to move.
NASDAQ:DOCU - DocuSign Slightly Lifts Fiscal 2024 Revenue Guidance Following First-Quarter Beat. Need this to calm down after the open as it will be very spready, however, with squeezes stocks moving, and DOCU having positive news, this has a great opportunity to run if a base forms.
Support 64
Resistance 67
Inflection 62
NASDAQ:PDD - support test at 74 would be a buy.
NASDAQ:SMTC - buyers finally stepped up at 23. if we can show signs of strength and the bottom holds, plent of room to the upside after PD's profit taking off positive news.
Other Watches:
Comment what you are watching!
DOCU options idea blue line is buy break
red line is sell break
green lines are tps
sls below the buy/sell breaks
DOCU Initiated positionIntiated a position on NASDAQ:DOCU . Over the coming days If price action and volume on higher level timeframe suggest resistance can be broken, I will consider to add to my position.
Docusign working down to low 40's up to the 70' by fallSo many wrong calls on this - stock has eaten my lunch. But...it is going to to the order block around 42$ IMO and will bounce from their. I bought 30 may 19 45 Puts for $1.01 and will sell off 75% of these at 42.00 approx 3.50/contract. Rest sell at $38.50 whch will be the bottom.
$DOCU with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for $DOCU after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Watchlist 3/16 + Notes Very little amount of tickers coming through the scanner today after hours. Only two tickers I am watching include:
HD (2-1) daily
DOCU (2-1) daily
Main focus is on DOCU as it has a massive gap to the upside to fill. I don't think it will fill this gap anytime this week, but I think tomorrow we may see it push up to the 50% retrace of the previous weekly candle, and possibly even 50% retrace of the entire gap itself as it has already begun to fill it partially
SPY closed strong and was a failed 2D, so I am expecting more upside with the markets in general tomorrow, which may play into our bullish bias on DOCU very well. Targets on DOCU to the upside are at 58.24, and 59.61
DOCU DocuSign Options Ahead Of EarningsIf you haven`t sold DOCU here:
Then you should know that looking at the DOCU DocuSign options chain ahead of earnings , I would buy the $62.5 strike price Puts with
2023-6-16 expiration date for about
$8.10 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
DOCU possible scenarioWAITING for breakout confirmation and support test for a long if the chart pattern works in our favour
DocuSign (DOCU)- looking for 30% target gainDocuSign (DOCU)- looking for 30% target gain.
Stop loss- red line
entry- blue line
Target- black line.
DocuSign strong bullish expectations
Hi viewers, DOCU price zone, here strong bullish bounce is for expect
TP1:70
TP2:75
DOCU I have had this on my radar for 2 days now. I loved the low of 57.50 yeateday and I placed a 1/4 size postion
Now I am viewing this as a bullflag on the 4 hourly curently. This could potentially target us to the March 12th2022 high of 67$
That is the measured move of the flag pole. Curently we still have to break above 60$-61.70 as that was the last wick rejection we had previously before this most recent pullback and consonlidation that resulted in a W pattern with a higher low!
Curently and today I will be looking for a pop if 60$ and on smaller time frames I’ll be searching for candle bodie closes above that level and even Mabey a backtest and bounce off that level.
We can start off by entering there and looking to see if we test 61.67 area and if we can pop that we may be at a great time to take a trade.
Downside areas of support that I will be watching is 57,50 -58$.
This could be close to the bullflag channel breakout area but most importantly if you ignor the 4 hourly wicks of the last few candles, and go off the bodies only, the bodies have all contiued to close at 58$. This will be an important factor to watch to keep you in your trade. Good luck traders let’s see if we can get this trade setup to work for us!
$DOCU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DOCU after a Positive Under reaction following its earnings release placing the stock in drift A.
DocuSign Inc. is getting ready for uptrendAfter going down, I see that there is uptrend is starting for #DOCU. It was important to close above $54.26 yesterday and It did. I am looking for a pull back to get in. This is my set up at the moment.
Entry; $50.51
S/L; $48.55
TP1; $54.43
TP2; $60.31
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
DOCUsignyourlifeawayblew up pre covid, case is still there for it to be a market leader, everyone uses docu to sign contracts. seemingly fell off with the whole tech bubble but as long as theyre managing risk properly i could see this having legs to jump up.
DOCU buy timeKEY POINTS
New CEO Allan Thygesen could be a massive catalyst for the company.
The stock trades well below the average software stock valuation.
Large customers are rapidly adopting DocuSign's product.
DOCU - test longDOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward.
Reasons for going Long:
1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35
2. downward trend has been slowly shifting to neutral with slight upward bias at the moment
3. some accumulation has been taking place in the past 2 weeks+ as with the marked increased in average daily volume
4. recent pullback to 50% fib retracement (acceptable range)
5. bullish morning star formation (trigger for Long entry)
Initial stop loss just below the morning star pattern (around 51.50) with near term target at 67-68 (horizontal resistence and 200 day moving average).
Potential for a longer term ride with trailing stops.
Go long at the next candle as soon as we have price trading just above the close of yesterday's candle with initial stop placed just slightly below the low of the morning star pattern (~ 158).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
DOCU DocuSign to test its last supportIf you haven`t shorted DOCU DocuSign, Inc. here:
Then looking at the DOCU DocuSign options chain, i would buy the $45 strike price Puts with
2022-11-18 expiration date for about
$3.90 premium.
Yes, i think it can test its last support this year.
Looking forward to read your opinion about it.
DOCU DocuSign Options Ahead Of EarningsIf you haven`t shorted the speculative bubble:
or the potential support test:
Then you should know that looking at the DOCU DocuSign options chain ahead of earnings , i would buy the $42.5 strike price Puts with
2022-12-16 expiration date for about
$2.76 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
DOCU LongRSI divergence
Demand Zone
Wedge breakout + retest
Earning 12/02/2022 Est. 0.42
Entry 43.5
Stop 39
Target 56, 75
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
DOCU weekly at despair stage of the bubbleEntry 51.96
DOCU weekly at despair stage of the bubble wit stop loss $0 I mean I'll risk my R )))))
Capitulation started? Going to $15?Looks like its heading towards $15 by the end of this month. This month could be a big down one. Trade with care. Peace !!
Target 56.5Following daily.
I got a long signal with my system.
Hard TP 56.5
But I'll publish a dynamic SL and target. If you want to join trade, please follow my updates.
