0XNH trade ideas
Can't Win Em All, But It Sure Feels Good When You Do...DOCU See linked previous post on DOCU. Just a great buy IMO, especially where I was able to pick some up. What an ER move, geez. Target on chart just over $80. Took some losses here and there, but my trading style says losses are ok and happen, just keep them as small as possible, and cut losses as soon as the trade idea is negated, to hell with HODL'ing to try and get back to even. I cut it, take money elsewhere and make it back. After the beat down I took on the SPY put option that I knew not to buy (LOL see my post on that) I sure enjoyed watching this thing rocket after hours. Happy hunting, and GLTA!
DocuSign Inc has a lot to prove. Price target on any rally should be in the $50-$54 region, NASDAQ:DOCU has much to prove in today's earnings report after somewhat of a lackluster 2019.
If indeed earnings are well received, a short squeeze could ensue.
AVERAGE ANALYSTS PRICE TARGET $60
AVERAGE ANALYSTS RECOMMENDATION Overweight
P/E RATIO
SHORT INTEREST 10%
COMPANY PROFILE
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
selllooks very weak and a consolidation for another downward move, also 50MA is crossing 200MA for a strong bear signal
Entered my first marked "Buy Zone"NASDAQ:DOCU DocuSign entered my first area marked as a "Buy Zone", and where I had set a limit order. I now own some shares at 44.01, and have set my next limit buy in my second Buy Zone at 36.31. Depending on price action, I will either wait to buy there or add more in this area. Between 40 and 37 is my "No Man's Land" where I would be in limbo. This is a buy based almost solely on growth prospects, as I see the Fintech sector as being a strong leader in the future. One day your grandkids grandkids will have a dollar bill framed on the wall explaining to their kids how people used to have to carry around these dirty pieces of paper everywhere and hand them to other people. (Which they will be thoroughly repulsed by) DOCU is not a fintech company; however it stands to benefit greatly by the rise of fintech through the quick, convenient e-signature that will soon be a staple of all credit agencies/banks wordlwide. There are others inthe same line, but I am placing my bet on this recent IPO to be in its earliest stages of growth. Though the street hated last quarters earnings, the growth shown was staggering nonetheless. I like the company, I love the sector and all the various opportunities it presents. Happy hunting and GLTA!
DOCUDOCU starting to shape up nicely inside the box. Looking for breakout with volume. Alerts set. Might take starter before close.
DOCU Consolidating, Catalyst required before next move higherI initially thought this was a descending triangle pattern and considered a short. But after the earnings on 6/6/19, the initial move was downward was unable to hold and the stock moved back over my $50 support line. Because the stock did not continue to break down, I believe this is only a consolidation and the stock is waiting for a catalyst to bring it higher and test the previous highs just under $70.
Towards trend lineI think the price is going toward the long term downtrend line. See then what happens.
DOCU - Trickster?Docusign is looking to trap a lot of people if I am triggered in.
I am still long on the company, considering their financials.
DOCU - Earnings ReportRevenue +37% YoY
Subscription Rev +36% YoY
Customers +27% YoY
Q2 Rev Guidance +31% YoY
$docu Possibility for reversal trade in Docusign post selloff.Expectation were high and despite a beat on earnings the stock suffered a $21 drop afterhours, which has been in keeping with the plight of others like CLDR and NTNX. The reason for the drop was described by Wedbush Analyst Daniel Ives as “Bulls were hoping for a beat-and-raise quarter and instead you got in-line numbers with some soft spots around the edges,Combined with what we saw out of Cloudera, Pivotal, BOX, and Nutanix, that caused concern.” J.P Morgans analyst Sterling Auty keeps his overweight rating and a $88price target and considers this a good buying opportunity . From a technical perspective the chart is weak and we would not be surprised if the IPO low would be tested once gain.
AVERAGE ANALYSTS PRICE TARGET $66
AVERAGE ANALYSTS RECOMMENDATION Overweight
COMPANY PROFILE
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
Bearish signal on DocuSign1) Broke new highs with less momentum. Stock price fell.
2) Did not break resistance with less momentum. TBD...
What do you think?
Long Directional Assumption DOCUIf there is a breakout above the upper handle line, I intend to execute a long synthetic. My price target is the top of the potential cup, around the 67.50 level.
DOCU flagSymbol DOCU
setup flag
Upcoming Earnings Jun 06, 2019 (EST)
Horizontal S&R: yes $54
Channel S&R: no
>20 & 50MA S&R: yes chopped around 50ma
>200MA: yes clear up trend
Volume confirmation: no no
Candle Confirmation: yes yes. gapped down on earning and finished strong
Stoch Divergence: yes turning up after testing buy zone
Reg Trendline >85: n/a
Short Float: 4% low float
Entry 55
Stop 53
Price Target 59
Risk / Reward: 1:2
Zacks Rank: 3-Hold 3 Style Scores: F Value | A Growth | D Momentum | C VGM Industry Rank: Bottom 34% (168 out of 256) Industry: Technology Services
Any feedback is welcomed.
DOCU- LONG idea -Wedge and BaseWedge and base formation. Starting to break the cloud, I'd look for some pullback and more consolidation along the conversion line (red Line) before entering. Blue rectangles represent area of overhead supply/resistance to break thru. Try for an entry around $43.25 since price should tighten up a bit. Nice vol spike on Jan 10th.
