NASDAQ:DOCU has multiple tops around 250 area. As per the trend, bulls are coming harder and lifting the price again. RSI & MACD showing bullish signs to me. Let see this time 250 area get breaks.
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Today Docu has breakout from that triangle. As per the rule target will be 320-330.
@LuckyPat, As per the chart that multiple tops (resistance) have been broken and stock holding that 255 as new support. Its next resistance is around 290.
fqalogtrader
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@faisalqadeer, my idea is for a swing trade. Most analysts are bullish on this stock and it can behold for the long term as well.
LuckyPat
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@faisalqadeer, Thanks, any time scale you think to 290..ie weeks or months..i also have for swing long hoping for about 300..but 15 percent fine..just wonderinghow long its its likely to take..
..cheers
fqalogtrader
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@LuckyPat, It's hard to predict when a stock can hit a certain level. Just today's market pullback significantly and this stock fall down lower support 145.