Photo by Tyler Franta on Unsplash
Today’s instrument is the DocuSign Inc. stock traded in the Nasdaq exchange under the ticker DOCU.
If we look at the DOCU chart, we can see it is trading in a downward trend for the past month, and after the release of its quarterly earnings, its price was bottomed last Friday at around $71 which is its 52-week low.
Today, if its price is maintained above its support level of $71, then we could expect it to rise towards $75 and if it manages to break it through then it should approach its resistance level at around $80.
(Click on image to enlarge)
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