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DOCU

4/6 Watchlist + NotesInitial Thoughts: Incredible day, markets closed friday, minimal inside day setups SPY - Mentioned yesterday that we were bearish going into today for a number of reasons. Early on in the session we saw SPY push up slightly only to be rejected by a downward trend line created in premarket. We hit our downside target at the mid 406 level and even pushed lower than that before making an afternoon reversal. We also hit our lower trend line on the broadening formation created yesterday on the daily. Overall played out perfectly, only could have asked for more downside to 404 if anything TOMORROW: Due to how we closed and previous daily patterns similar to the one we're in now, I am still slightly bearish going into tomorrow, but I think we need to be cautious. With this week being a 4 day trading week, and being at the beginning of a potential daily/weekly reversal point, I think we could see some consolidation just as easily as we could see more downside. Full disclosure, I am not extremely confident in us seeing more downside tomorrow, but it makes the most sense based on our situation. Ideally I would like to see a move lower to the 404 area before consolidating. OVERALL BIAS: Cautiously Bearish Watchlist + Bias: BABA 2-1 Daily: Slightly Bearish (Only inside day to show up on the scanner) SQ - 3-1 Weekly: Neutral (Still has not broken out) DOCU - 1-1-2D Weekly: Bearish (Finally broke out of inside week setup. Watching for continuation going into tomorrow and next week) SHOP - 50% Rule Weekly: Bearish (Finally saw the downside we wanted the other day due to a failed 2U reversal today. Looking to see SHOP hit 44.01 between tomorrow and next week) Main Watch: SQ - Not a crazy good setup, but definitely interested with the weekly chart. We still remain within our inside week setup. I am watching tomorrow to see if we can breakout in either direction to pick up a swing position for next week. I would prefer downside due to my bias with SPY, but I will be open to playing upside as well since SQ is set up to do well in either direction. It is worth noting we made a failed 2D on the daily, which gives us a small bullish bias for tomorrow on SQ, but the past 4 days have been failed 2s, so that may be irrelevant. Entry Long: above 68.24. Upside Targets: 69.74, 70.53, 72.64. Entry Short: Under 66.62 Downside Targets: 65.81, 64.56, 63.51, 61.55 Yesterday's Main Watch: DOCU: What a solid trade. Opened at our short entry, and then dropped steadily throughout the day until reversing with SPY. Cons ran well over 400% from entry (.21 -> 1.06 If I remember correctly). I hope you all can take this play and learn from it, specifically how powerful trades can be if you have a crazy setup like we did with the double inside week. Hope everyone was able to make some money on this one. Watchlist Stats: 3/3 SPY predictions 3/4 Main Watch Plays Top Winner: DOCU (400%+) Personal Stats: 2/3 On The Week Overall: Green - Completely turned the week around for myself after being barely red from monday's session. I credit this to patience and discipline. Most traders would be super eager to start trading again after a losing day. Having patience and waiting for that right trade to turn things around is absolutely key to mastering emotions and being successful in trading. All it takes is 1 good trade per day. Don't overtrade (I know it is very easy to do, and I used to struggle with this), have patience, and most importantly, be comfortable with taking losses, not conditioned to taking losses. Tomorrow will be tricky if I had to guess. Trade smart, and be careful as it is the end of the trading week. And if I am unable to make monday's watchlist until later this weekend, enjoy the holiday for those who celebrate it!
AMEX:SPYShort
by Alanger17
4/5 Watchlist + NotesInitial Notes - Personally did not trade today, Analysis was on point, rest of week should be exciting SPY - So it looks like scenario 3 that I mentioned on my list last night played out today. We saw both targets to the upside and downside get hit. Premarket we were about 15 cents off of the upside target before opening and pushing higher than yesterdays high. We then saw a sell off during the day to hit our downside target and also create a bearish engulfing, which was scenario 3 mentioned yesterday. I did not get to trade today due to being extremely busy with my personal life, but I was still very happy to see that my analysis was on point, making us 2/2 on the week for predictions. (FOR TOMORROW) Tomorrow I am looking for downside, plain and simple. With the bearish engulfing now created, overextension/exhaustion starting to kick in, and potential for us to create a failed 2U on the weekly chart all tells me that we have some decently bearish catalysts for tomorrow's session. I do not have a specific target for tomorrow to the downside, but if you look at the chart attached to this watchlist, you can see that we formed a broadening expansion on the daily. I am hoping to get close to, test, or surpass the bottom trend line. We must keep in mind that although these engulfing setups typically play out well (The last 7 on SPY's daily have resulted in correct movement in the engulfing candles direction or inside days following), it does not guarantee that we follow suit and see downside. We are still not confirmed reversing yet on longer time frames, but today could very well be the beginning, or sign that we are close to reversing. OVERALL: I want to see us head further down. My rough estimate/target to the downside is 406.43. IF we are lucky then we could see as low as 404. Watchlist + Bias MRK 2-1 Daily: Neutral CRM 2-1 Daily: Bearish MRNA 2-1 Daily: Neutral UNH 2-1 Daily: Slightly Bearish DOCU - 1-3 Daily and 2-1-1 Weekly: BEARISH SQ - 3-1 Weekly: Neutral Previous and Tomorrows Main Watch: DOCU + SHOP SHOP - Neutral on this one. It played out the way we wanted too, but did not hit the target we expected, and was choppy all day. Overall I count this as a win because it followed our criteria and played out as expected, but was hard to catch an entry on if anyone did/tried to, and did not move as much as I had hoped for. DOCU - We STILL have not broken out of the weekly inside setup. Today ended the same as SPY. Bearish Engulfing, with SPY looking like it could reverse any day now, I have to be bearish on DOCU as well. As far as winner/loser status goes for today, I respectfully think this one was an L. It opened under long entry and pushed up slightly above that entry during the first 10 mins of market open before being shot down along with SPY. I personally did not take this trade, but I can see why it may have been a losing trade. For tomorrow, I think a test of the weekly short entry is inevitable, and I will be watching closely to get in some 1-2 week out puts, as well as some close expiry contracts for a day trade. Weekly short trigger is at 56.01. Targets set at 55.24 and 54.86 Watchlist Stats: 2/2 SPY Predictions 2/3 Main Watch Plays Top Winner: SQ 23%+ Personal Stats: 0/1 on the week Overall Red - Did not trade today so stats remain the same. Lets make some money tomorrow! Good Luck all!
AMEX:SPYShort
by Alanger17
4/3 Watchlist + NotesInitial Notes: Didn't trade on Friday, new month begins, SPY confirmed breakout on weekly, and light economic news coming this week. SPY - (FRIDAY) Unfortunately, my SPY prediction for Friday was off. I underestimated the short term strength of the markets as evident by Friday's big green trend day. I'm not afraid to admit I was wrong on my analysis, because nobody can always perfectly predict the markets, and because ultimately, the markets surprise us once in a while. A good trader knows when they are right, but an even better trader knows when they are wrong. I choose to believe that I was missing info and/or not seeing the bigger picture for Friday's session. Going forward I would like to try to shoot for at least 80% accuracy with my SPY predictions, trades, and general analysis of setups that show up on the scanner. I will document all stats per usual at the bottom of my lists. (MONDAY) Going into Monday, we have a few things to consider. We broke out of the upper trendline on the weekly chart, which is extremely bullish in my opinion. We also had a really strong and big green day friday with little to no upside wick. This tells me that we are looking very bullish just based on the weekly chart breakout, and the strength of the most recent daily candle. My guess is that we will see a push higher than Friday's high, but I am unsure of how much higher SPY can/will go. We are still at risk of short term exhaustion, and therefore, I am skeptical to see if we will see strong continuation or just consolidation/pullback before making the next real move. The most reasonable expectation for tomorrow in my opinion, is a day where we can be green or red, but regardless see a push higher while staying within a 1% range's movement on the day. Id love to create an inside day tomorrow but I sort of doubt we will be that lucky. Weekly targets are set at 415 and 402 respectively. More analysis to come as the week goes on(Apologies for the super long analysis, just had a lot to say with Friday's fail) Watchlist + Bias: SQ - 2-1 Daily and 3-1 Weekly: Slightly Bearish BABA - 2-1 Daily : Bullish LULU - 2-1 Daily : Neutral MMM - 3-1 Weekly: Bullish DOCU - 3-1-1 Weekly: Bullish Main Watch: SQ - Great setup on this one. 3-1 Weekly is the main catalyst I am watching. Would love to play downside on this and get a good entry on a break to the downside tomorrow with the 2-1 setup we have on the daily. My main concern is the bullish strength of the markets currently because another day of bullish movement could invalidate our short entry. I am open to playing both sides, but I would definitely prefer downside as there is better R/R. Main Watch From Previous Watchlist: DOCU: (Status:) Loser (Personally Trade?) No DOCU had a solid setup, but even the best setups can be ruined when the overall markets are incredibly strong in the opposite way as your bias. This was the case for DOCU on friday. What is interesting is that we are now bullish on the daily with DOCU, but still remain in an inside setup on the weekly. Im keeping this on the watchlist for now as I think the weekly breakout could hold a bigger move because DOCU has a pretty large average daily range. FDX - this wasnt a main watch but was something I watched throughout the whole week, Study the weekly and daily chart because although I missed the move, it played out exactly as we had hoped for. Cons if swung from daily entry went from about 3.5 to 5.85. Last Week's Watchlist Stats: 3/5 SPY predictions 3/6 Main Watch Winners Top Winner: NVDA 75%+ Personal Stats: 5/7 on the week (71.4% win rate) Overall: Green week. Happy with the results, but I know we can do way better than that. Green week is a green week though. Lets do it again. Best of luck tomorrow everyone !
AMEX:SPY
by Alanger17
3/31 Watchlist + Notes SPY - Going into todays session, I mentioned that I had a bullish bias that I was only 75% confident in due to the downside gap that remains unfilled on the daily, and because we were sitting on a daily upper trendline. SPY gapped up for the second day in a row and closed green, confirming our overall analysis, but created a failed 2U, which leads me to believe that we could be overextended short term and may see some downside going into Friday's session. The weekly chart is strong and is showing that we are breaking out of this downtrend we have been in looking at the weekly chart. I have a feeling tomorrow could be a day of consolidation or pull back to try to fill in the small gap created in the daily from yesterday and today. Final Thoughts: I am Neutral/Bearish going into tomorrow. If we do see upside, I would imagine we peak at the 405 area on SPY. I can't Imagine we push too much higher until next week. Watchlist+ Bias: (No daily chart inside setups showed up on the scanner from today's session) FDX - 3-1-2U weekly : Bullish. Looking to test 226.06 tomorrow/Monday DOCU - 2-1 Weekly: Bearish CAT - 2-1 Weekly: Neutral Main Watch: DOCU - Interesting setup with this one. DOCU has a 2-1 weekly that is still not broken out of, even this late in the week. It also has a 2-3-3 daily, which is what I am most interested in for this play. The 2-3-3 setup has created a big broadening formation. Today was a huge red engulfing day, which is why we have bearish bias going into tomorrow. Additionally, DOCU is in a pretty neutral place currently after being in a 14 Month downtrend, which tells us that we are now consolidating and looking to either continue further down or reverse according to longer timeframes. My targets to the downside are 56.01 and 55.24. I will only play downside, not upside. Yesterday's Main Watches: JNJ - (Status:) Loser (Personally Trade?) No JNJ gapped up over yesterdays high during the premarket session, invalidating the setup because I usually do not play inside setups if we open above/below a long/short entry level. JNJ quickly fell back into yesterdays range and rejected yesterday's high a few times showing that it was weak to the upside. Overall just didn't play out how we wanted, but that's just part of trading GOOG - (Status:) Winner (Personally Trade?) No GOOG opened within yesterday's range, then broke yesterday's low, which was our entry short. GOOG immediately dropped down to our target at 100.28. It hit 100.29 before reversing. The main takeaway from this play is that it was nearly textbook perfect in terms of entry, and target. Cons ran just over 50% in a matter of 2 minutes. Unfortunately, this trade would have been very tough to realistically take due to how fast it moved and completed the move we wanted. Situations like this are sort of a win because we know our analysis was spot on, but the price action moving too fast was the only reason we couldn't capitalize on this trade. Watchlist Stats For The Week: 3/4 on SPY Predictions 3/5 on Main Watch Plays Top Winner: NVDA (75%+) Personal Stats: 5/7 For The Week Overall Green/Red?: Green Personal Note: Most likely will not have time to trade tomorrow, but regardless if I do or don't, on Sunday night I will provide analysis about tomorrow's session and what I am looking at going into Monday
AMEX:SPYShort
by Alanger17
1
Watchlist 3/16 + Notes Very little amount of tickers coming through the scanner today after hours. Only two tickers I am watching include: HD (2-1) daily DOCU (2-1) daily Main focus is on DOCU as it has a massive gap to the upside to fill. I don't think it will fill this gap anytime this week, but I think tomorrow we may see it push up to the 50% retrace of the previous weekly candle, and possibly even 50% retrace of the entire gap itself as it has already begun to fill it partially SPY closed strong and was a failed 2D, so I am expecting more upside with the markets in general tomorrow, which may play into our bullish bias on DOCU very well. Targets on DOCU to the upside are at 58.24, and 59.61
NASDAQ:DOCULong
by Alanger17
This joy will not last long..!Althogh NASDAQ100 is up more than 5% this week, it is still down 23% YTD..! and 25% down from its all-time high..! But detecting these symmetrical mirror view move helped me and my follower to capitalize on them nicely..! Some examples: (I did not publish any of these posts publicly) QQQ: Sep 5th, TSLA: Sep 6th SOXL: Sep 6th NVDA: Sep 7th #BABA: Sep 7th DOCU: Sep 8th CRM: Sep 8th BP: Sep 8th They moved between 3-16% in 4 days or less! Recommended Call Option for DOCU moved more than 108% in less than 24 hrs! Best,
NASDAQ:NDX
by Moshkelgosha
19
DOCU is very likely to break the upper edge of the triangleHorizon: 2-3 weeks Target: $90 Stop order: $50 Technical analysis The paper came to a strong support level. It is worth opening a position from the current level at 5% of the portfolio. Fundamental Factor. DocuSign, Inc. - an American company headquartered in San Francisco, California. The company offers organizations solutions for managing electronic agreements with an e-signature service. DocuSign will release a financial report Thursday, Sept. 8, after the market closes. Analysts expect revenue to rise to $602.219 million and earnings per share to $0.424. If the report beats analysts' expectations and the company's management gives a good outlook, the market could put this positive value on the stock.
NASDAQ:DOCULong
by SiriusBH
$DOCU -76% DISCOUNT (52-WK) -81% (ATH)!DocuSign is good stock if you are thinking about adding an AI & Software stock to your watchlist/portfolio. It is currently showing a good buying pressure with the last 2 months being green, but I think it has a way to go down! The original Heavy buying positions from IPO '18 to Aug. '18 is the $52.30 area! The next set of buyers from Oct. '19 to now are @$62.50 area! Which is good entry to swing to the $315 ATH, but the $52 entry area is a SNIPER! anything in between those two are good entries for long-term.
NASDAQ:DOCULong
by twotimezinvestments
DOCU: Signing offDocuSign Short Term We look to Sell at 70.93 (stop at 74.97) Preferred trade is to sell into rallies. 71.00 has been pivotal. Further downside is expected although we prefer to sell into rallies close to the 71.00 level. The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Our profit targets will be 59.99 and 55.19 Resistance: 71.00 / 88.00 / 110.00 Support: 60.00 / 58.91 / 56.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:DOCUShort
by Saxo
DOCU dead cat bounceLikely nothing more than a dead cat bounce. CEO stepped down abruptly, negative EPS, higher employee turnover, economy and housing coming to a grinding halt, is DOCU business model bleak? The chart has lots of overhead resistance on Fibonacci, Williams alligator, 20 day moving average, 50 day moving average, 200 day moving average, the cloud resistance it's been trading under for months in a downward trend. Bear markets contain many violent rallies to the upside which are generally opportunities for bagholders to sell before the next leg lower. Friday many stocks surged into the close where DOCU lost 25% of it's daily gain and high volume after touching FIB .382. Guess we'll see next week.......
NASDAQ:DOCUShort
by ShortSeller76
Zoom out the Zoom..! The past 3 yearsI think whatever you need to know about a Formation of bubbles and their burst you can see in the ZM chart: An 805% move in 18 months followed by an 84% decline in the next 17 months: During that 84% decline, you see a 36% and 48% positive surge, but the aftermath remained the same..! Even a significant change in the fundamental did not help: But ZM was not alone, other examples are: NIO: +5500% followed by -80% DOCU: And the mother of All bubbles: ARKK: and the Final point: Gauging Market Changes The key determinant of whether the market is bull or bear is not just the market's knee-jerk reaction to a particular event, but how it's performing over the long term. Small movements only represent a short-term trend or a market correction. Whether or not there is going to be a bull market or a bear market can only be determined over a longer time period. However, not all long movements in the market can be characterized as bull or bear. Sometimes a market may go through a period of stagnation as it tries to find direction. In this case, a series of upward and downward movements would actually cancel-out gains and losses resulting in a flat market trend.(Investopedia) Conclusion: You can be in the Bearish market yet see the most Exotic Bullish rallies..! Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. *I have open positions in SARK(74.36), SOXS(40), TZA(30.60)
NASDAQ:ZMEducation
by Moshkelgosha
6