DOCU , a documents technology company

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.

Kommentera:

Scott Bauer of Prosper Trading Academy picks DOCU

secure.prospertradin...ly-options-watchlist

Kommentera:

DOCU sideways other tech stocks have the attention no trade yet

Handel aktiv:

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)

Kommentera:

Same as above.

Kommentera:

More sideways. Remaining patient for an entry. Alerts are doing the watch.