Long DOCU on bullish 60-day and 180-day EMA cross
The 60-day EMA has crossed above the 180-day EMA during an uptrend, which tends to be a very bullish indicator. The MACD also looks bullish but is signaling a potential stall to the rally or a partial pullback in the near-term. This has been confirmed by the start of Friday's trading.
Volume has been picking up, and mostly on the buy-side.
Previous resistance at 60.00 has now become support. Short-term traders can set a stop-loss at that point.
Almost every technical indicator you can find looks good for DOCU. So, even though some skepticism is healthy after such a huge rally, there’s not a very compelling argument to be made for fighting the trend here.
Volume has been picking up, and mostly on the buy-side.
Previous resistance at 60.00 has now become support. Short-term traders can set a stop-loss at that point.
Almost every technical indicator you can find looks good for DOCU. So, even though some skepticism is healthy after such a huge rally, there’s not a very compelling argument to be made for fighting the trend here.