DOCU has been on my watchlist since last week and we are finally seeing some bullish price action for a possible move higher. DOCU has been resilient throughout this bear market has a clear line trendline acting as support. Last week, DOCU broke out but failed to hold above the trendline. This week, DOCU spikes above and held the trendline twice. I am getting long into this current consolidation with a stop loss below the previous higher low.
Entry - 89.56
Stop loss - 85.80
Target - 100 to 110
Entry - 89.56
Stop loss - 85.80
Target - 100 to 110
Comment:
Excellent action on DOCU so far. Took profits on 1/4th size at 97.14 and moved up stop loss to 93.05.
Comment:
Moved up stop loss to 95.45.
Comment:
Sold another 1/4th for 102.12. Taking profits in here as DOCU is consolidating on the short term.
Comment:
Moved up stop loss to 103.75
Comment:
Target reached. Took another 1/4th off at 109.80. Last 1/4th is let it ride with stop at 103.75.
Comment:
Actually 103.75 is kinda tight for a let it ride position. New stop is 99.95.