DOCN rises from Fib level support LONG
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
would be buying weakness but I believe buying at undervalue is a good buy low with
an expectation of 15-18% upside.
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
would be buying weakness but I believe buying at undervalue is a good buy low with
an expectation of 15-18% upside.
Trade active:
DOCN had a nicde jump. One third of the position closed to gain realized profit. Trade is now risk free.
Comment:
Sideways in the mid-week.