DOCU Trade on Nov 18, 2019 10:16 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily Squeeze
- Earnings Date: 12/5-

Reason For Entry:
- DOCU has been in a solid uptrend and I have been waiting for a pull back in the buy zone on the daily chart for an entry. DOCU retraced and entered between the 8ema and 21ema and I bought in for a 1/3 size position. DOCU is in a pattern of consolidation below recent ATH and the consolidation is in an uptrend as well. DOCU has earnings coming up in a few weeks and looking for it to run up into earnings and a new ATH. My stop out zone is when the uptrend breaks to the down side or the TTM fires short.

Reason For Exit:
- 11/22 At the open DOCU popped and hit my target at the 127.2% fib extension. Sold my 1 contract for a nice profit.

Recap:
- Nice entry as I purchased 1/3 size position in my buy zone. Nice exit as DOCU hit my target at the 127.2% fib extension. This was a textbook trade and managed really well.