DOCU Trade on Apr 24, 2020 10:45 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 2h Chart: Uptrend, Consolidation below recent ATH.
• TTM Squeeze: 2h
• Earnings Date: 6/11-

Reason For Entry:

• Playing 2h chart. DOCU is in a pattern of consolidation below its all time high (ATH). TTM is in a squeeze and gaining momentum. Watching for a move to its ATH. DOCU entered the buy zone (at 21ema) and order filled for 1 contract and risking 1.5% of portfolio.

Reason For Exit:

• DOCU reached the ATH and locked in the quick win for 43% win.

Recap:

• The entry was correct at the buy zone which is the 21ema. Reason it is the 21ema is because price had been honoring that area historically. The exit was correct, at the goal of its ATH. Nice 43% win.