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.
in its short life span so far DOCU has recently seen a pullback. looks like a healthy correction. with the bool cross on the macd will not be surprised to see this continue upwards with momentum to previous poc. $50 target st. will look for entry if it breaks below $40
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.
this is the hourly chart. Looking for a pull back. This is one I was planning on taking yesterday (as a day trade today). Missed the day trade today, because of the large and wild bid / ask spread. But, I'll attempt to buy the dip as a swing! :-)
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.
I think this is 'best case scenario'.
I DO THINK DOCU eventually gets bought out by INTU or ADBE. In order for that to occur though, I think I'll be a LONGER TERM buyer on DOCU if she eventually takes out the IPO low...
Until then, she likely dips and potentially goes higher.
