Doucsign has gone completely parabolic since the pandemic started with professionals working more from home. We're looking for the first sign of a top to take a short position on this one. The trend is your friend, so we're waiting for a reversal confirmation as it may still have room to run.
First Target: $165-$170 range
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Weekly RSI at ~94 with no weekly support established either. We have that reversal candle right now on the daily with some good volume behind it and RSI smoking hot there too as well as the low 90s on the monthly. I'm looking for some confirmation here pretty soon
MannyLo
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@nfreed31, And there you have it
Natestradamus
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@MannyLo, yeah I made some on the way down and cut my put positions to early trying to game a bounce, but scaled in calls EOD for the hourly oversold bounce. I'm going to revert back to short once the hourly lower high is set