DOCUC trade ideas
$DOCU with a bullish outlook project after earnings$DOCU posted its earnings with a positive over reaction following its release with the PEAD placing the stock in Drift B
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Could DocuSign Finally Be Done w/ Its Months Long ConsolidationDocuSign has been consolidating within a $40 range since the beginner of August 2020. The stock price has broken above its resistance level of $230 three times since it reached this resistance level. Every time the stock has hit this ceiling it came back down to its support level of $190.
Now that the stock has broken its resistance level for the 4th time and has closed about it, could this be the end of the consolidation phase? Could the stock now be looking to start moving higher again?
If on Monday's session we can hold the line and close above resistance again, we may go to $252 and then possibly on to $270. And the old resistance will become our new support.
$DOCU DocuSign Inc Risky Long Into Earnings 🤞🤞
Battleground stock coming into earnings,
Indicators mixed .
Volume poor on green days,
September downtrend is major resistance.
7MA at $220 holding pre market as resistance
A potential long entry today above $222,
Point of Control as stop loss.
Bullish Upside target $246.00 - $250 short term
This stock has had some very volatile post earnings sessions
so trade with care.