0XNH trade ideas
$DOCU Waiting for Moving Average Support in DocuSign
DOCU's decline has stalled on previous support after 5 days in decline.
Thursdays rally may have been nothing more than a relief bounce, so we await
a reclaim of the 7ma.
RSi and Stochastic bottoming.
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DOCU - Bullish morning starAfter a rather steep correction, DOCU's signal to long is triggered today: a bullish divergence as well as a morning star (3 candlesticks) formation. I went long as soon as it surpasses the 1st morning star candlestick's body @ 197 with initial stop @ 192 (below today's candle low).
Planning to scale out partially @ 215 and then around 229 or trail stops upwards as the trade goes our way.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Docu Go Long minimal riskDocuSign with a strong uptrend post corona.
Respecting its lower support line every time.
2 very bad days give a good chance to go long now possible price target 230-250
Is now at 50sma 4 h Chart
Stop loss can be placed at 1 x true average range which is about 7 which means around 190-195 depending on risk level.
Docusign 20ema Since we crossed the 20 exponential moving average, we have tested it many times, to retreat and continue higher.
RSI has stayed above 50, showing no sign of strong selling.
DOCU - 8.68% Potential Profit - Ascending TriangleApproach this with care. Medium confidence on the Resistance Line due to a lack of touch-points.
Strong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Ascending Triangle formed within, just broken out.
Place a Limit Entry to ensure triangle support confirmation and decrease risk.
- Historical Uptrend and All-time High
- Pandemic-friendly Stock
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $220.43
Suggested Stop Loss $214.69
Target price $239.17
DOCU too extended to Buy, but look at that strengthDOCU has been outperforming Nasdaq Composite since January on the Daily view and since September on the Weekly view. It has stayed 30-40% above it's 50d SMA since a May 6 buy point. If it suddenly goes 2% below the 10d SMA, then I'd consider taking some profits. Otherwise, it would be better to go sideways for awhile and let the 50d line catch back up.
DOCU - Beginning of Corrective WaveDOCU has been on an incredible run for some time, I believe the pullback we see in price recently is the beginning of a light corrective wave to the massive run-up we've seen in price.
Price point of Invalidation: $203.50-$205.00
Price Target: $158.50 - $160 per share
$DOCU NEW 52 HIGH IdeaDOCU $205 call buyer for 8/28/20 gives this chart a little more spice. Buyer placed a $1M bet on the $205, furthermore a $3.7m bet came in @ $195 to form a higher low. Worth watching
DOCU a strong COVID play hitting breaks at the 9erIt needs to catch some breath and consolidate here.
DOCU at the supportPossibly a buy, but that huge drop was so fast and didn't retrace, might go through that support like butter.
DOCUSIGN Parabolic SurgeDoucsign has gone completely parabolic since the pandemic started with professionals working more from home. We're looking for the first sign of a top to take a short position on this one. The trend is your friend, so we're waiting for a reversal confirmation as it may still have room to run.
First Target:
$165-$170 range
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
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overbloated garbagevol going down, RSI way up, not enough revenue, for sure short candidat. i am sure MMs will try to take it little higher but i doubt how high it can go
Double Up On $DOCU | Buying Shares Docu Up $147% Since March Earnings Report
Back in April, we tried to play Docu with $105 calls but sadly didn't pay for the time. If we would've thrown 3 months of time, each contract would be $8,000 each at the least ($80 in the money).
Our Play (Rating 9/10)
-Doubling up on our portfolio, adding 10 shares
- Options Play: $18 7/10 Call @ $390 per contract
Do not trade this, not financial advice
DotcomJack
