DOCU’s Dotted Line Signals Pullback

Docusign trading right above Keltner Channel… February 28, 2020 UNSUBSCRIBE |ARCHIVE The Huge Coronavirus Story No One Is Talking About… Coronavirus is here… The U.S. just reported the first coronavirus case that was spread within our country… With extreme travel bans, quarantines, supply line shocks and global recession all in play… One of the world's top experts on the Federal Reserve is predicting a massive response from the world's central banks… While 99% of people are caught up worrying about the coming chaos… Levelheaded folks who can spot a huge opportunity will be paying close attention to this special presentation. You won't hear about it from the mainstream media. But if you can ignore the media noise and focus on a likely flood of central bank cash headed our way… You will find a once-in-a-generation profit opportunity within this underground presentation. DOCU's Dotted Line Signals Pullback Dear Chart Of The Day Reader, Yesterday, we looked at a monthly chart of Dominion Energy, Inc., noting the stock has been on a bullish run since September 2018. Today's Chart of the Day is a Keltner Channel Chart for Docusign, Inc. (NYSE: DOCU). DocuSign, Inc. provides cloud based software in the United States. The company offers an e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. Since the Keltner Channels serve as an overbought/oversold indicator… When the daily stock price is trading above the Upper Channel, it signals that the stock is overbought. When a stock becomes overbought, it normally declines in price as the inevitable profit taking occurs. There are always price retracements along the way because stocks in a price uptrend do not advance in a straight line. Below is a daily price chart for Docusign, Inc. along with the three Keltner Channels (Upper, Middle, and Lower).  The DOCU Keltner Channel Chart shows that DOCU is in a strong price uptrend and recently became overbought many times as the stock traded above the Upper Keltner Channel (circled in blue). As you can see, after trading above the Upper Channel in all scenarios, DOCU experienced a pullback. Yet in all cases, the stock always continued to rally afterwards... If you want to participate in this rally, where is the best place to enter? We use the Keltner Channels to help us select a lower-risk entry point. A Keltner Channel "Buy Zone" occurs when a stock is trading below the Upper Keltner Channel. Once the daily price is trading below the Upper Channel, it signals a buying opportunity. If you had purchased DOCU shares when DOCU entered the "Buy Zone" around December 12th, you'd be up 10.1% on the stock by now. Knowing that DOCU shares are continuing to rise, experience pullbacks, and rally again, we'll be paying attention to future pullbacks in order to get in at the lowest entry point. Best Regards, Chuck Hughes Editor, Chart Of The Day [Publishers Note:] One of the world's top Federal Reserve experts — and fellow Laissez Faire editor Graham Summers — says the Fed is currently playing chicken with the markets, and it's going to lose. Graham believes the fed will be forced to implement NUCLEAR interventions soon. This is the perfect environment for the strategy he uses in his "Ghost Money" trades. This system will be able to help him spot central market moves and give you the chance to be among the 1% that have the opportunity to get in on these trades. Click here to see how to become the 1%. 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