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jaxdog

$DOCU Nice Flag... May be ready for another move higher

Long
DocuSign, Inc. (NASDAQ:DOCU)  
jaxdog Updated   
NASDAQ:DOCU   DocuSign, Inc.
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Looks like a nice flag (more of a pennant) pattern on $DOCU. I'm looking for this to breakout to the upside. Also notice the declining volume so higher volume up or down is going to drive this one. I'm bullish but it can go either way... patience will pay-off here, no need to rush... Ideas, not investing advice.
Comment:
10/18 This is still worth watching. Notice that while it's trading down, volume is very low. Will need to confirm a direction here but I'm still bullish... patience...
Comment:
10/21 - look at the wick on 10/18 almost a perfect bounce off the .786 fib line. I haven't taken the trade yet but that's very bullish to me. Patience, time will tell.
Comment:
11/13 - Still watching this one... I'm looking for it to eventually resolve up from this consolidation area... I'll likely add a position with a solid close over $70.
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