DOCN - CURRENT PRICE : 173.45
DigitalOcean Holdings (DOCN) has delivered a strong bullish breakout by closing above its previous all-time high resistance near $166. The breakout is supported by rising volume, suggesting strong buying interest and increased participation from market participants. A notable bullish catalyst was the earlier rising window (gap-up) accompanied by heavy volume, which signaled aggressive accumulation and helped establish a new uptrend.
From a trend perspective, the stock remains firmly bullish as price continues to trade well above the rising 200-day EMA, indicating that the long-term uptrend remains intact. Momentum is also supportive, with the RSI holding above 70, reflecting strong bullish momentum and confirming buyers remain in control despite the extended move.
As long as DOCN can maintain its breakout above the previous resistance zone, the bullish outlook remains valid. The immediate support is seen at $152 - the low of 29 MAY candle. On the upside, the first target is $194, followed by a second target of $210 if momentum continues to strengthen.
ENTRY PRICE : 170.00 - 173.45
FIRST TARGET : 194.00
SECOND TARGET : 210.00
SUPPORT : 152.00
DigitalOcean Holdings (DOCN) has delivered a strong bullish breakout by closing above its previous all-time high resistance near $166. The breakout is supported by rising volume, suggesting strong buying interest and increased participation from market participants. A notable bullish catalyst was the earlier rising window (gap-up) accompanied by heavy volume, which signaled aggressive accumulation and helped establish a new uptrend.
From a trend perspective, the stock remains firmly bullish as price continues to trade well above the rising 200-day EMA, indicating that the long-term uptrend remains intact. Momentum is also supportive, with the RSI holding above 70, reflecting strong bullish momentum and confirming buyers remain in control despite the extended move.
As long as DOCN can maintain its breakout above the previous resistance zone, the bullish outlook remains valid. The immediate support is seen at $152 - the low of 29 MAY candle. On the upside, the first target is $194, followed by a second target of $210 if momentum continues to strengthen.
ENTRY PRICE : 170.00 - 173.45
FIRST TARGET : 194.00
SECOND TARGET : 210.00
SUPPORT : 152.00
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.