DOCU has been a relative strength name during this bear market. Since the bounce started, DOCU has broken out of a consolidation base and has since pulled back to the breakout area. This ticker has benefited from the COVID-19 and has not yet made a big up move. If we start to reject the breakout zone, DOCU could be setting up for a big move past 100. Trigger...
just broke the buy point and pulled back. Forming H§S bottom.
DOCU See linked previous post on DOCU. Just a great buy IMO, especially where I was able to pick some up. What an ER move, geez. Target on chart just over $80. Took some losses here and there, but my trading style says losses are ok and happen, just keep them as small as possible, and cut losses as soon as the trade idea is negated, to hell with HODL'ing to try...
should be going higher. I'd buy on breakout high of the doji. Just my thoughts.
Watch here, daily doji at old time support, might see a bounce tomorrow. On watch in my opinion: to be on board for longterm, probably company will be bought at some point.
Double bottom and break above the downtrend line could take this to 48, then 52, then final target 60 for earnings gap fill. Notice how RSI has been relatively stable around 40 during the downtrend and showing divergence. A bunch of bullish signs points to this one moving higher.
Good looking chart for $DOCU. The previous strong resistance needs to break to continue this powerful breakout. Has a volatile profile since it's an IPO but fundamentals are strong, chart is strong, looks good to me.