Short

DOCU bearish?

Updated

with straight 40% down in one day after ER, consolidating. RSI was oversold on that 40% down and RSI did dead cat bounce in this consolidation phase.

multiple tries to break the consolidation but no luck. I assume, if it breaks the ascending triangle, another hit to 135 is possible or even lower.

Note

Adjusted lines a bit, to match to the recent ups and downs. Still within the channel. Let's see how this acts. break below the ascending triangle will be 135 target.

Trade is not active yet.

Note

Updated chart

Trade active

Trade closed: target reached

135 was my target and it has reached.

Can go much lower. Rollout or stay small in farther strikes. dont lose gains.

iamdeepak

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