Stock of the Week: DOCU

BREAKOUT AFTER BACK UP ACTION SUGGEST COMPLETION OF ACCUMULATION AND FURTHER ADVANCE

Wyckoff Story
Long-term price structure of higher highs and higher lows suggest accumulation
Breakout in Phase D confirms accumulation
Absorption bar #1 and #2 has supply followed by successful tests
Absorption bar #2 has less supply than Absorption bar #1 and it happened at higher price confirming absorption story, bullish bias and timing
Relative strength got into uptrend

Trading Target
$36 count line +(27 boxes*3 reversal*$1 box size)=$117

Pattern Confirmation:
Continuation of rally