Strong Bullish Trend 🔥. Target: $275

29 Ağu 2020

Greetings. DOCU is in a very strong bullish trend. I've analyzed the monthly, bi-weekly, weekly, and daily charts and I assess the bullish trend continues, despite the high deviation from the 21 EMA. I anticipate a price move in tandem with the earnings report on 3 Sep. If price breaks above resistance, I anticipate a $275 price target before 16 Oct, based on the the channel, as depicted on the daily chart shown below. Alternatively, DOCU could consolidate to allow the 21 EMA to catch-up, which would extend the target date for the $275, likely into Dec 2020. A third possibility is retrace to support around $190, which is less likely in my opinion. Let's wait and see how investors react on 3-4 Sep after earnings release.

Happy Trading!



Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss.  Loss of principal is possible. Please exercise your own due diligence.

1 Eyl 2020

Not

Look for the breakout today, prior to earnings release.

1 Eyl 2020

Not

I love technical analysis!

2 Eyl 2020

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