DocuSign, Inc.
Long
Aggiornato

Trade Idea: Long $DOCU @ 90.10

191
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 @ 90.10
Stop Loss @ 86.40
Target @ 105
Nota
DOCU just couldn't hold above. If we get a sharp recovery tomorrow back above the trendline and retest it again, this could be a nice bear trap long. Otherwise I would just ignore.
Nota
DOCU got the sharp recovery, however I wouldn't chase DOCU here. I want to see DOCU pullback first in order to lower risk. Otherwise if DOCU continues to take off tomorrow, just ignore.
Nota
Beautiful pullback in DOCU. Going to grab some shares here. Trade Journal to follow.
istantanea

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