$DOCN - Accumulation
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Continuing the trade in
DOCN, with an average price of 42.41, I maintain the analysis of an accumulation period within the range of 38.60 to 44.19.
Last analysis:
After making its bottom on 02/24/2025 at 36.30, the asset has seen strong demand since then, preventing a new downtrend period in the Weekly Heiken Ashi, which is now sideways but signaling that it does not favor the downside.
In the Daily Heiken Ashi, it is currently breaking the high of previous candles once again, as well as the average between highs and lows. This indicates a new attempt to start an uptrend.
We now face the challenge of the downtrend line, touching two key points: 02/18/2025 and 02/27/2025.
The breakout of this line seems likely to mark the beginning of the uptrend I have been anticipating.
Looking at the Weekly timeframe, we can already see a clear upward channel.
Donchian Channels for 1 month, 3 months, and 1 year all show broken highs and are over 25% above, indicating a clear uptrend.
The moving averages do not show significant variation; they are moving sideways (as always happens in accumulation or distribution) and are below the current price. I only consider the 10-day and 20-day exponential moving averages, as well as the 1-month, 3-month, and 1-year moving averages.
The winds are favorable. All aboard.
Continuing the trade in
DOCN, with an average price of 42.41, I maintain the analysis of an accumulation period within the range of 38.60 to 44.19.Last analysis:
After making its bottom on 02/24/2025 at 36.30, the asset has seen strong demand since then, preventing a new downtrend period in the Weekly Heiken Ashi, which is now sideways but signaling that it does not favor the downside.
In the Daily Heiken Ashi, it is currently breaking the high of previous candles once again, as well as the average between highs and lows. This indicates a new attempt to start an uptrend.
We now face the challenge of the downtrend line, touching two key points: 02/18/2025 and 02/27/2025.
The breakout of this line seems likely to mark the beginning of the uptrend I have been anticipating.
Looking at the Weekly timeframe, we can already see a clear upward channel.
Donchian Channels for 1 month, 3 months, and 1 year all show broken highs and are over 25% above, indicating a clear uptrend.
The moving averages do not show significant variation; they are moving sideways (as always happens in accumulation or distribution) and are below the current price. I only consider the 10-day and 20-day exponential moving averages, as well as the 1-month, 3-month, and 1-year moving averages.
The winds are favorable. All aboard.
Catatan
The stock price is falling today (03/03/2025) with a significantly lower volume than in the last 20 days, representing less than 3% of the total volume during this period.
The low volume indicates that there is no strong conviction from sellers. The decline may be occurring due to a lack of buyers rather than active selling pressure.
Downward movements with very low volume suggest that the correction may be losing strength. If demand increases in the coming days, the asset could reverse to an uptrend.
The stock is in an accumulation phase, and this low volume is merely a reflection of reduced short-term interest, without strong trend implications.
I will wait for a sudden increase in volume with a price recovery; this will confirm that the selling weakness was just a breather before the positive movement I am anticipating.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.