Trade Idea: Long $DOCU @ 90.10

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DOCU has been a relative strength name during this bear market. Since the bounce started, DOCU has broken out of a consolidation base and has since pulled back to the breakout area. This ticker has benefited from the COVID-19 and has not yet made a big up move. If we start to reject the breakout zone, DOCU could be setting up for a big move past 100.

Trigger @ 90.10
Stop Loss @ 86.40
Target @ 105

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ملاحظة

DOCU just couldn't hold above. If we get a sharp recovery tomorrow back above the trendline and retest it again, this could be a nice bear trap long. Otherwise I would just ignore.

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ملاحظة

DOCU got the sharp recovery, however I wouldn't chase DOCU here. I want to see DOCU pullback first in order to lower risk. Otherwise if DOCU continues to take off tomorrow, just ignore.

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ملاحظة

Beautiful pullback in DOCU. Going to grab some shares here. Trade Journal to follow.