Stock Markets Analysis and Opinion
DocuSign To Test Support
2022.06.07 12:41
When we look at the DocuSign (NASDAQ:DOCU) chart, we can see the choppy price action of the past week trading mainly between support of $81 and overhead resistance of $88, without much strength to break past but enough to keep it floating.
On Jun. 1, we saw the fall from the $88 level to the low of $81 on Jun. 2 and then the bounce from the $81 back to the $88 on Jun. 3 and managed to consolidate and trade sideways during yesterday’s session. It was last found trading at the $84.25 level.
Today we can expect a move towards the $81 support level. If, however, it manages to hold on to the current level, then a move towards the $88 can be expected.
DocuSign price chart.
