DOCU DocuSign Options Ahead Of EarningsIf you haven`t sold DOCU here:
Then you should know that looking at the DOCU DocuSign options chain ahead of earnings , I would buy the $62.5 strike price Puts with
2023-6-16 expiration date for about
$8.10 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
DOCUC trade ideas
DOCU I have had this on my radar for 2 days now. I loved the low of 57.50 yeateday and I placed a 1/4 size postion
Now I am viewing this as a bullflag on the 4 hourly curently. This could potentially target us to the March 12th2022 high of 67$
That is the measured move of the flag pole. Curently we still have to break above 60$-61.70 as that was the last wick rejection we had previously before this most recent pullback and consonlidation that resulted in a W pattern with a higher low!
Curently and today I will be looking for a pop if 60$ and on smaller time frames I’ll be searching for candle bodie closes above that level and even Mabey a backtest and bounce off that level.
We can start off by entering there and looking to see if we test 61.67 area and if we can pop that we may be at a great time to take a trade.
Downside areas of support that I will be watching is 57,50 -58$.
This could be close to the bullflag channel breakout area but most importantly if you ignor the 4 hourly wicks of the last few candles, and go off the bodies only, the bodies have all contiued to close at 58$. This will be an important factor to watch to keep you in your trade. Good luck traders let’s see if we can get this trade setup to work for us!
DocuSign Inc. is getting ready for uptrendAfter going down, I see that there is uptrend is starting for #DOCU. It was important to close above $54.26 yesterday and It did. I am looking for a pull back to get in. This is my set up at the moment.
Entry; $50.51
S/L; $48.55
TP1; $54.43
TP2; $60.31
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
DOCU - test longDOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward.
Reasons for going Long:
1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35
2. downward trend has been slowly shifting to neutral with slight upward bias at the moment
3. some accumulation has been taking place in the past 2 weeks+ as with the marked increased in average daily volume
4. recent pullback to 50% fib retracement (acceptable range)
5. bullish morning star formation (trigger for Long entry)
Initial stop loss just below the morning star pattern (around 51.50) with near term target at 67-68 (horizontal resistence and 200 day moving average).
Potential for a longer term ride with trailing stops.
Go long at the next candle as soon as we have price trading just above the close of yesterday's candle with initial stop placed just slightly below the low of the morning star pattern (~ 158).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
DOCU DocuSign to test its last supportIf you haven`t shorted DOCU DocuSign, Inc. here:
Then looking at the DOCU DocuSign options chain, i would buy the $45 strike price Puts with
2022-11-18 expiration date for about
$3.90 premium.
Yes, i think it can test its last support this year.
Looking forward to read your opinion about it.
DOCU DocuSign Options Ahead Of EarningsIf you haven`t shorted the speculative bubble:
or the potential support test:
Then you should know that looking at the DOCU DocuSign options chain ahead of earnings , i would buy the $42.5 strike price Puts with
2022-12-16 expiration date for about
$2.76 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
DOCU LongRSI divergence
Demand Zone
Wedge breakout + retest
Earning 12/02/2022 Est. 0.42
Entry 43.5
Stop 39
Target 56, 75
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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.