KAS109
Long

DOCU- LONG idea -Wedge and Base

NASDAQ:DOCU   DOCUSIGN INC
Wedge and base formation. Starting to break the cloud, I'd look for some pullback and more consolidation along the conversion line (red Line) before entering. Blue rectangles represent area of overhead supply/resistance to break thru. Try for an entry around $43.25 since price should tighten up a bit. Nice vol spike on Jan 10th.
Comment: Moving protective stop to $52.56 - 10 day low or could do 3 EMA as market looks like it may turn or channel
Comment: Stop moved to $54.34 below 10 day low. Taking 1/2 profit, 3R trade so far.
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