dRends35

DOCN - Another Great Name To Buy, But Not Here

Short
NYSE:DOCN   DigitalOcean Holdings, Inc.
DOCN looks like it could be a really winner in time, but right here it is a dangerous recently added stock.

It is showing bearish divergence on D RSI and looks to be forming a head and shoulders or some kind of breakdown pattern. RSI currently testing the centre point so good chance a downtrend is coming.

First I will be looking to see how impulsive the down trend will be.

It it is reasonable gentle to the downside then I will consider to buy when RSI overbought.

I will not be shorting.

Not advice


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