Intiated a position on NASDAQ:DOCU . Over the coming days If price action and volume on higher level timeframe suggest resistance can be broken, I will consider to add to my position.
So many wrong calls on this - stock has eaten my lunch. But...it is going to to the order block around 42$ IMO and will bounce from their. I bought 30 may 19 45 Puts for $1.01 and will sell off 75% of these at 42.00 approx 3.50/contract. Rest sell at $38.50 whch will be the bottom.
The PEAD projected a bearish outlook for $DOCU after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Very little amount of tickers coming through the scanner today after hours. Only two tickers I am watching include:
HD (2-1) daily
DOCU (2-1) daily
Main focus is on DOCU as it has a massive gap to the upside to fill. I don't think it will fill this gap anytime this week, but I think tomorrow we may see it push up to the 50% retrace of the previous weekly candle,...
If you haven`t sold DOCU here:
Then you should know that looking at the DOCU DocuSign options chain ahead of earnings , I would buy the $62.5 strike price Puts with
2023-6-16 expiration date for about
$8.10 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
I have had this on my radar for 2 days now. I loved the low of 57.50 yeateday and I placed a 1/4 size postion
Now I am viewing this as a bullflag on the 4 hourly curently. This could potentially target us to the March 12th2022 high of 67$
That is the measured move of the flag pole. Curently we still have to break above 60$-61.70 as that was the last wick...
After going down, I see that there is uptrend is starting for #DOCU. It was important to close above $54.26 yesterday and It did. I am looking for a pull back to get in. This is my set up at the moment.
Entry; $50.51
S/L; $48.55
TP1; $54.43
TP2; $60.31
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
blew up pre covid, case is still there for it to be a market leader, everyone uses docu to sign contracts. seemingly fell off with the whole tech bubble but as long as theyre managing risk properly i could see this having legs to jump up.
KEY POINTS
New CEO Allan Thygesen could be a massive catalyst for the company.
The stock trades well below the average software stock valuation.
Large customers are rapidly adopting DocuSign's product.
DOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward.
Reasons for going Long:
1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35
2....
If you haven`t shorted DOCU DocuSign, Inc. here:
Then looking at the DOCU DocuSign options chain, i would buy the $45 strike price Puts with
2022-11-18 expiration date for about
$3.90 premium.
Yes, i think it can test its last support this year.
Looking forward to read your opinion about it.
