Trade Journal: Long $DOCU - 4/8/2020

Apr 8, 2020

DOCU has been on my watchlist since last week and we are finally seeing some bullish price action for a possible move higher. DOCU has been resilient throughout this bear market has a clear line trendline acting as support. Last week, DOCU broke out but failed to hold above the trendline. This week, DOCU spikes above and held the trendline twice. I am getting long into this current consolidation with a stop loss below the previous higher low.

Entry - 89.56
Stop loss - 85.80
Target - 100 to 110

Apr 14, 2020

Comment

Excellent action on DOCU so far. Took profits on 1/4th size at 97.14 and moved up stop loss to 93.05.

Apr 15, 2020

Comment

Moved up stop loss to 95.45.

Apr 20, 2020

Comment

Sold another 1/4th for 102.12. Taking profits in here as DOCU is consolidating on the short term.

Apr 28, 2020

Comment

Moved up stop loss to 103.75

Apr 28, 2020

Comment

Target reached. Took another 1/4th off at 109.80. Last 1/4th is let it ride with stop at 103.75.

Apr 28, 2020

Comment

Actually 103.75 is kinda tight for a let it ride position. New stop is 99.95.