DOCU with straight 40% down in one day after ER, consolidating. RSI was oversold on that 40% down and RSI did dead cat bounce in this consolidation phase.
multiple tries to break the consolidation but no luck. I assume, if it breaks the ascending triangle, another hit to 135 is possible or even lower.
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Adjusted lines a bit, to match to the recent ups and downs. Still within the channel. Let's see how this acts. break below the ascending triangle will be 135 target.
Trade is not active yet.
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Updated chart
Trade active
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Trade closed: target reached
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135 was my target and it has reached.
Can go much lower. Rollout or stay small in farther strikes. dont lose gains.