NeanderMoon

DOCN at crucial support.

Long
NYSE:DOCN   DigitalOcean Holdings, Inc
Digital ocean has hit a crucial support.
With a h&s pattern formed in the last two weeks of Feb, it broke the neck-line Yesterday and has since hit its h&s pt of $71.50.
- This is also a crucial support level of a channel which was created throughout the first couple if quarters since IPO.
- The 6 month RSI has also re-entered its buy zone below 30%
- MACD support touched.
- Possible double bottom here as well - PT of $98.
- Gap to fill at $130
All PTs on chart
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.