Missed my initial entry on DOCU last week but we may have another shot at it as earnings is this week. I like this to the upside. Price target and entries are in the video.
Docu
1 S&P is coming into a strong resistance level,
2. its bouncing off of previous support,
3. its in a down trend,
4. it has very strong support down at 57 dollars.
entry 81.44 traget 59 and stop 91
The Market may have some more room to the downside with the longer term uptrend still intact, software names are leading. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video...
#DOCU nice short at the open using W5T Rollercoaster indicator on TradingView. Framed the chart on a daily channel, marked out the gap (body to body not wick to wick just my preference) dropped it down to a 5 min chart
using W5T #BITS indicator to locate trades inside the gap. There were 2 nice trades $25 and $13 possible plays going down and one up.
