TradingView
dRends35
Aug 23, 2021 3:54 PM

DOCN - Another Great Name To Buy, But Not Here Short

DigitalOcean Holdings, Inc.NYSE

Description

DOCN looks like it could be a really winner in time, but right here it is a dangerous recently added stock.

It is showing bearish divergence on D RSI and looks to be forming a head and shoulders or some kind of breakdown pattern. RSI currently testing the centre point so good chance a downtrend is coming.

First I will be looking to see how impulsive the down trend will be.

It it is reasonable gentle to the downside then I will consider to buy when RSI overbought.

I will not be shorting.

Not advice

More