Expectation were high and despite a beat on earnings the stock suffered a $21 drop afterhours, which has been in keeping with the plight of others like CLDR and NTNX. The reason for the drop was described by Wedbush Analyst Daniel Ives as “Bulls were hoping for a beat-and-raise quarter and instead you got in-line numbers with some soft spots around the...
Upcoming Earnings Jun 06, 2019 (EST)
Horizontal S&R: yes $54
Channel S&R: no
>20 & 50MA S&R: yes chopped around 50ma
>200MA: yes clear up trend
Volume confirmation: no no
Candle Confirmation: yes yes. gapped down on earning and finished strong
Stoch Divergence: yes turning up after testing buy zone
Reg Trendline >85: n/a
NASDAQ:DOCU Trigger: $48.60 after a pullback. Stay away if it gaps up.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Wedge and base formation. Starting to break the cloud, I'd look for some pullback and more consolidation along the conversion line (red Line) before entering. Blue rectangles represent area of overhead supply/resistance to break thru. Try for an entry around $43.25 since price should tighten up a bit. Nice vol spike on Jan 10th.
in its short life span so far DOCU has recently seen a pullback. looks like a healthy correction. with the bool cross on the macd will not be surprised to see this continue upwards with momentum to previous poc. $50 target st. will look for entry if it breaks below $40