Looks like $DOCN is breaking out of a bull flag formation. You can see my entry and stop on the chart. Stop is very tight since break-outs have not been working well for most of 2021. Volume is up just under 150% of 50 day average. Ideas, not investing / trading advice.
Comment:
8/25 We are on day 3 of this initial breakout and I am still long and added to the position. It did come back today and held around the 50 day MA and has bounced back up. I'd also like to point out that on the breakout on the 23rd and it's still valid today, we have a "Power of 3"working in our favor here. (Power of 3 is the bunching of the 10 and 20 ema's and the 50 sma and price on top. hopefully giving us a spring board, all TBD.)
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.