is shown on a 4H chart here. It have added supply and demand zones showing resistance and
support. Price rose before and during earnings topped and fell in a shallow retracment and then
reversed again topping and has now trended down into a full retracement turning into a
"M" pattern. I added the retracement tool. On a lower time frame, price formed a bear flag
pattern which could signal bearish continuation is likely. On the other hand, the zero-lag
MACD indicator is bullish at its terminal portion with the lines heading up having crossed.
I see the Fib levels as the tie breaker. My trade plan is no trade right now. I will set alerts
for 54.25 and 48.25. A notification will be a signal that price is breaking out of the Fibonacci
zone. The trade will then be taken based on the direction of the break. I suspect that DOCU
could so sideways for a while but maybe not. General market momentum may push it to move.
I will patiently wait for the set up to declare itself in due time.
support. Price rose before and during earnings topped and fell in a shallow retracment and then
reversed again topping and has now trended down into a full retracement turning into a
"M" pattern. I added the retracement tool. On a lower time frame, price formed a bear flag
pattern which could signal bearish continuation is likely. On the other hand, the zero-lag
MACD indicator is bullish at its terminal portion with the lines heading up having crossed.
I see the Fib levels as the tie breaker. My trade plan is no trade right now. I will set alerts
for 54.25 and 48.25. A notification will be a signal that price is breaking out of the Fibonacci
zone. The trade will then be taken based on the direction of the break. I suspect that DOCU
could so sideways for a while but maybe not. General market momentum may push it to move.
I will patiently wait for the set up to declare itself in due time.
Nota
Scott Bauer of Prosper Trading Academy picks DOCUsecure.prospertradingacademy.com/scott-bauer-weekly-options-watchlist
Nota
DOCU sideways other tech stocks have the attention no trade yetTrade attivo
As can be seen on the 15 minute zoom in- price is glued to the fib level ans is not budging yet. Patience has its rewards ( in due time)
Nota
Same as above.Nota
More sideways. Remaining patient for an entry. Alerts are doing the watch.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.