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...
After 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.
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
blew up pre covid, case is still there for it to be a market leader, everyone uses docu to sign contracts. seemingly fell off with the whole tech bubble but as long as theyre managing risk properly i could see this having legs to jump up.
New CEO Allan Thygesen could be a massive catalyst for the company.
The stock trades well below the average software stock valuation.
Large customers are rapidly adopting DocuSign's product.
DOCU 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
If 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
Yes, i think it can test its last support this year.
Looking forward to read your opinion about it.
If 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
If the options turn out to be profitable Before the earnings release, i would sell at least...
Wedge breakout + retest
Earning 12/02/2022 Est. 0.42
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.
Horizon: 2-3 weeks
Stop order: $50
The paper came to a strong support level. It is worth opening a position from the current level at 5% of the portfolio.
DocuSign, Inc. - an American company headquartered in San Francisco, California. The company offers organizations solutions for managing electronic...