DOCU Ready To Pop?

[] (pennant pattern) [View in browser]( [View in browser]( [] MARCH 25, 2024 [] [] PROSPERITY PUB MARKET TALK DOCU Pennant Forming A few weeks ago, our friend Jeffry Turnmire chose DOCU as his [chart of the week.]( He had actually been meaning to announce it a few days before, but publishing conflicts meant that by the time it actually went to press, the stock had already jumped considerably. Since then, for the past 2 weeks, while the stock seems to have been moving sideways, astute observers will notice that it’s not just bouncing around aimlessly. [] It’s actually forming a pennant pattern — a well-known chart pattern in technical analysis that usually foreshadows trend continuation. The pennant pattern actually starts with a big pop, known as the “pole”. For DOCU, this pole was formed by the single-day, nearly 20% jump from below $53 to nearly $63. The next day, the stock fell, giving back the majority of its previous day’s gains. But then over the past 2 weeks or so, the stock has bounced up and down in an increasingly tighter range. Many traders might give up on DOCU, but Jeffry pointed out the obvious pennant pattern and told us that he still expects it to pop. As always, timing is the hardest part to pinpoint, but upside targets of $63, $68 and even $74 are still on the table. With a current price just below $59, any one of those moves would provide a nice return — especially for traders who decide to play it with options. — The Prosperity Pub Team [] [] Trading A Small Account? It’s not easy — we know. A lot of trades are simply out of reach when you have a small account. But what if you had a consistent way to spot big opportunities in bargain priced options? Say 25¢ options… would that make a difference in your trading? [Reserve your spot for this special event!]( [] [] GUY COHEN’S MARKET MOVERS Market Muscles Up… but Caution Is Warranted Energy stocks broadly continued to be resilient and were joined by other sectors to give the main indices a further push up after the Fed meeting. But there are still many overbought stocks which could use a rest, while the number of really great quality bullish setups remains low. Any bullish trades need to be closely monitored and managed. As ever, in the meantime, trade what you see, and avoid preempting anything. Here is this week’s watchlist: [] Follow the money, — Guy Cohen [] [] [] [] MARCH 25, 2024 [] [] PROSPERITY PUB MARKET TALK DOCU Pennant Forming A few weeks ago, our friend Jeffry Turnmire chose DOCU as his [chart of the week.]( He had actually been meaning to announce it a few days before, but publishing conflicts meant that by the time it actually went to press, the stock had already jumped considerably. Since then, for the past 2 weeks, while the stock seems to have been moving sideways, astute observers will notice that it’s not just bouncing around aimlessly. [] It’s actually forming a pennant pattern — a well-known chart pattern in technical analysis that usually foreshadows trend continuation. The pennant pattern actually starts with a big pop, known as the “pole”. For DOCU, this pole was formed by the single-day, nearly 20% jump from below $53 to nearly $63. The next day, the stock fell, giving back the majority of its previous day’s gains. But then over the past 2 weeks or so, the stock has bounced up and down in an increasingly tighter range. Many traders might give up on DOCU, but Jeffry pointed out the obvious pennant pattern and told us that he still expects it to pop. As always, timing is the hardest part to pinpoint, but upside targets of $63, $68 and even $74 are still on the table. With a current price just below $59, any one of those moves would provide a nice return — especially for traders who decide to play it with options. — The Prosperity Pub Team [] [] Trading A Small Account? It’s not easy — we know. A lot of trades are simply out of reach when you have a small account. But what if you had a consistent way to spot big opportunities in bargain priced options? Say 25¢ options… would that make a difference in your trading? [Reserve your spot for this special event!]( [] [] GUY COHEN’S MARKET MOVERS Market Muscles Up… but Caution Is Warranted Energy stocks broadly continued to be resilient and were joined by other sectors to give the main indices a further push up after the Fed meeting. But there are still many overbought stocks which could use a rest, while the number of really great quality bullish setups remains low. Any bullish trades need to be closely monitored and managed. As ever, in the meantime, trade what you see, and avoid preempting anything. Here is this week’s watchlist: [] Follow the money, — Guy Cohen [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](