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jcrutcher
Jul 22, 2021 1:17 AM

DOCU Possible Short Back Through Broadening Formation  

DocuSign, Inc.NASDAQ

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So DOCU recently had a simultaneous break on the quarterly and monthly through $286.51 but I missed the second break out after the first pullback. We have a possible broadening formation though so we may get a short 2-1-2 entry on the daily back to support where we could potentially turn around and go long on the long term. Trigger for the short is below the low of the 1 at $294.21 aiming for $290.50. At that point I'd be looking for another reversal off the support at $286.51 for a long term bullish entry. DO NOT go long right now; that's chasing and we don't do that. The short is pretty aggressive so keep that in mind.
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