$DOCN Base on Base Ready to Breakout?

١٨ مارس

I got into this one on Mar 6th when it re-took the 20 EMA (green) where it also found support at the 50 DMA (red). My plan was to bring up to a full-sized position on a breakout over 41.07. However, on the 13th when it did break above that it promptly pulled back. Fast forward to today once it moved back over Friday’s high (which again found support at the 20 EMA) I did make it a full-sized position.

The true breakout is yet to come. It needs to close over 41.07 for that to happen. From the low in November to today this stock is up over 100%. I think it can double again. My plan is to add anytime it bounces back off the 20 EMA. My stop will be on a “decisive” close under the 20 EMA but not more than 5% loss, whichever is less.

This may be one you want to look at. If so, make it your own trade and follow your own rules.

The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.