We're Buying $DOCU For A Trade
March 23, 2020
We want to be long $DOCU if it's above 76 with a target of 122.
We calculated this target the same way we did $ZM a few weeks ago.
I like this entire space because if the stock market is falling, these stocks go up. And when the stock market is rising, these stocks go up.
I think that merits our attention. Plus it's already been working.
Bigger picture, the stock market isn't out of the woods yet. We haven't see any evidence of a bottom for the major indexes.
BUT, there are some stocks NOT moving with the overall market and that's where we're focusing our attention.
JC
Are you interested in Options?
Check out our Options Strategy for this $DOCU trade