What Is a Double Top?
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
What Does A Double Top Tell You?
A double top...
Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to...
$DOCU successfully broke beyond its 52-weeks high that was established in early September 2020, attaining a new all time high of $293.65 in its latest market session. The past four weeks of price soar in $DOCU (+22.96%) display a classical double bottom technical breakout from $235 since early June this year.
$DOCU shows that it has strong prospects ahead for the...
I had my $DOCU on my watchlist for a while and I believe this is the time to be bullish on the stock!
Looking at the technical on the daily chart, I can point out the following:
1. The stock has bounce yet again off major support level between 180$-190$,
2. MACD is turning bullish,
3. RSI is in mid range, which I believe its a good indicator when a stock is...
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See sequence attached. May bounce here at 10D DMA or push a little lower towards 213-215 before big bounce to 235. From here I expect it to double top and pull back around 200-205 area before next leg up. GL