Technical Analysis: DOCUSIGN (#DOCU)

DocuSign, Inc. is an American company headquartered in San Francisco, California that allows organizations to manage electronic agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on different devices

Docusign #DOCU has been on a parallel channel since July 2020 and we believe can now offer some upside opportunities at least in the short run.

• The price is breaking the descending trend-line

• The MACD is signalling a potential crossover to the upside

• The RSI is low and recently moved from oversold territory

Buy price USD 197.33

1st Target USD 217.00

2nd Target USD 240.00

Stop Loss USD 184.00

OTB Global Investments

London, 30 March 2021