DOCN ona 120 minute chart has downtrended into the support of a 0.5 Fib retracement from the rise after the November earnings. and the triple top then trend down from the last earnings. I believe that is is well situated to rebound toward that triple top again in the next three weeks until earnings. I realize that based on the inicators a long trade...
I got into this one on Mar 6th when it re-took the 20 EMA (green) where it also found support at the 50 DMA (red). My plan was to bring up to a full-sized position on a breakout over 41.07. However, on the 13th when it did break above that it promptly pulled back. Fast forward to today once it moved back over Friday’s high (which again found support at the 20 EMA)...
LONG - breaking through resistance - 1W RSI with positive dynamics - OSMA is positive - price above 1D 50/200 EMA - golden crest 1D TF - 1D TF marribon is positive and opened - mug patter TP1: 46.36 TP2: 57.17 SL: 31.54
With the cloud computing industry expected to grow significantly, DigitalOcean's position and approach align well with this trend, suggesting a bright future for its stock in the NASDAQ market.
Digital Ocean (NYSE:DOCN), a leading American cloud provider helping start-ups and small and medium-sized businesses (SMBs) scale cloud-stored data, is capitalizing on the AI revolution in cloud computing. DOCN is a growth-focused opportunity that is still trading below its Q2 peak while making waves in the increasingly demanding AI and machine learning (ML)...
20% at least this time due to macd and rsi crossing. trading have risk, so be aware
MarketWireNews: Businesses big and small are looking for ways to rein in costs as a tough economy fuels uncertainty. An easy target for these cost cuts is cloud computing. The mega-cloud platforms like Amazon Web Services (AWS) and Microsoft Azure have already suffered a sharp slowdown as customers optimize spending. AWS grew by 12% year over year in the second...
- trade from support line - the price is almost on Pivot P - the rising wedge has already reached the target after breaking down - 1D RSI is very heavily oversold - stochastic is almost 10 days in the bottom zone. the last time before the bull market this continued for 16 days. - OSMA started to turn positive - the price must also close the upper gap
Digital OCean has been on a bearish trend since Nov 21 Doing an simulation on the movement it seems the only way it can show some reversal signs is when it breaks the TASE:43 strong resistance If it does go that way it means it will be confirmation of 2 year running bear pattern and it can quickly fill gaps upside Entry @ HKEX:45 SL @ HKEX:40 TP :...
$DOCN looks like it's heading back to support level at $30~ .. full path on chart Btw.. I have made a fortune from this name last year.. i called it when it was $40~ and it went all the way up to $110
break of trend resistance/31.16 for explosive breakout, break below 25.68 and trend support zone for downside continuation. 🎯 boost and follow for more!
Digital Ocean seems to have retraced to the bowl support, and to the diagonal support it broke out on 4th August. If this bowl plays out well, then potentially we'll reach ATH in a few months.
till needs to clear 56.23, after that we can expect a real rally towards all time highs. watching closely! targets once we have trigger confirmation 64-81-98
Cup has already formed and handle is in a declining expanding wedge format. Breakout of the upper wedge resistance is likely and then to be held as support. Fib levels mark price targets . RSI support as well
Still going sideways on support & resistance zone. Need a confirmation of uptrend. Stock is not that cheap.
- I have extrapolated the 26 EMA on the daily as this has proven to be a great support and now resistance level. Breaking above this level would be a super bullish movement. - the Fib golden pocket support level has been touched - the 1 year RSI is touching the 30% level. - Potentially a nice looking bowl but we can't confirm until we see around 2 bounces on...
Digital Ocean now at MA200 support level. Is it time to go up? Follow me for trading ideas!
Digital ocean has hit a crucial support. With a h&s pattern formed in the last two weeks of Feb, it broke the neck-line Yesterday and has since hit its h&s pt of $71.50. - This is also a crucial support level of a channel which was created throughout the first couple if quarters since IPO. - The 6 month RSI has also re-entered its buy zone below 30% - MACD...