Docusign Inc Stock Code DOCU.NAS
Outlook
Price reached a high of $314.76 on 10 August 2021 and went into a price decline. The decline managed to stay above the cloud during the correction, keeping the bullish trend intact. The cloud is thick and providing a strong support for price at the moment. This support is unlikely to break due to the thick cloud. Conversion and Base lines had a bullish crossover earlier, and is still showing a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous high at $314.74 again in the next 2-3 weeks.
Strategy
$281.80 Buy
$314.70 Price Target
$269.80 Risk Management Stop
3 weeks Trade Duration
