Channel tradebounced off 225 channel bottom today so that's where I'll set my stop loss.
Targets are green lines
DocuSign, Inc. Shs Cert Deposito Arg Repr 0.0454545
No trades
Trade ideas
DOCU - Ascending wedge, bearishLooks to be trying to get back the ATH of 290, but with volume peaks just at the beginning of each dip, due to profit taking. But volume reducing overall.
With another earnings miss, could easily run out of steam before breaking down to 220s or below.
Volume profile is monthly
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Pretty new to charting, just trying to apply textbook patterns to live data. Any feedback welcome!
$DOCU Bounce from bottom of Channel?$DOCU I've play this several times from the bottom of the channel to the top. I'll try it again. This is not the most reliable type of set-up so I have a tight stop just below today's low. You can see my entry and stop prices on the chart. This is a name I really like but it can't seem to get too much traction as of late. Maybe this is the time it's breakout of the top of the channel. all TBD. Ideas, not investing / trading advice. Caution is also warranted as IDB has downgraded the market action to "Sideways."
DOCU under 222.30Shown on the weekly, at risk of breaking ascending channel. Can short down to VPOC as support. Watch QQQ for weakness before entering as it tends to follow.
DOCU 2021-01-22DOCU bull flag setup
Scenario 1:
It is consolidating with declining volume. Possibly 1.5 more weeks of consolidating before the selling climax, breakout, and backtest.
Scenario #2:
It broke out on Jan 20th and is now backtesting.
Either way, a good spot to buy will possibly be at the 20 EMA.
Equal Legs PT: 298
SL: 245
DOCU chugging alongUp to the median line? Be cautious. Setups look good everywhere. Some folks waiting for a correction. Some folks just want to learn how to chart... What is your intention?
DOCU May Run With TDOC Into Earnings, Quick Play To The UpDOCU has benefited greatly from the pandemic & will continue to benefit as the 2nd covid wave continues to be a problem to deal with. While the world looks to move forward businesses that have converted to digital will push for more digital and stay put as the cost to convert and savings will show. Catalyst? TDOC earnings run up has begun and a nice sympathy play might be in the works for a quick in and out move for DOCU.
$docu - consolidating before another breakoutsaw a nice gap up off the cup's handle break. has been consolidating for a few days, now forming a bullish triangle pattern sitting at support. watch for a breakout.
other bullish indicators:
- macd crossover incoming
- bullish divergence
- bigger picture flagging on the daily
Docusign: trying to break a lateral trend
Docusign right now is trying to climb towards a hypothetical goal to 309$. But first it must break the big lateral trend where it is immersed. Last sessions it tried to achieve it but with no results. Let's see next sessions what it will do. This is a bullish stock that we must watch in the next days. If the stock exceeds 232$ I think it will achieve the 309$ goal.
DOCU channel bounceHit top channel trendline 1/12 and stated a pullback today, probably will see 230 again.
DOCU, Multiple TopsNASDAQ: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.
Docusign continues uptrendDocusign broke higher from the 256 level, where it consolidated for 6 months.
It is closing in on it's all time high with a 259% 1Y gain behind it, well to continue in high gear.
A high growth stock. Currently trades at:
26x EV/Sales (NTM)
44% Sales growth YoY (Rising)
Gross Margin 75%
Sales estimate rising
EPS negative
EPS estimate rising
DOCU CrashI see DOCU in a steady downtrend for the next 2 weeks. DOCU hit old Support and bounced off. I am very Bearish on this stock for the short term.
RectangleDOCU seems to be giving it all she has the break out of the rectangle but not quite there yet. Volume spike noted around MR (Mid rectangle) recently.
NV and OBV are both high and short interest is 4.36% depending on where you look..
Obvious R above price and rectangle is quite wide. The support of the rectangle looks quite strong. If price breaks up over 246 in a clear uptrend, targets above are listed. If DOCU breaks support, then those targets are listed underneath. Some use MR as a stop whichever way she goes..
A Rectangle is a continuation pattern that forms as a trading range during a pause in the trend. The pattern is easily identifiable by two comparable highs and two comparable lows. The highs and lows can be connected to form two parallel lines that make up the top and bottom of a rectangle. Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas.
There are many similarities between the rectangle and the symmetrical triangle. While both are usually continuation patterns, they can also mark trend significant tops and bottoms. As with the symmetrical triangle, the rectangle pattern is not complete until a breakout has occurred. Sometimes clues can be found, but the direction of the breakout is usually not determinable beforehand.
Not a recommendation
DOCULove the look. Long, but would love to get longer on a pullback next week. Looking for $400 first half 2020.
DOCU - h chartBuying dips, especially at 217.15 to 215.55
T1 230.72
T2 239.12
SL closing below 213.30
