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DOCS Trade the Swings

Written By: ChartChamp

June 20, 2024

DOCS has some strong swings over the next few weeks for multiple trades (including put options):

Week of June 24: Bullish 100% of the time with 14.36% gains on average.
Week of July 1: Bearish 100% of the time with 9.04% decline on average.
Week of July 8: Bullish 100% of the time with 9.97% gains on average. The seasonality is bullish between July 8 and July 26.

I would make trading decisions based on these key price levels. The week of July 1 there is likely to be a 10% drop so I would be cautious, the goal is to swing trade multiple times.

Trade idea:

(1) Buy at $27.12

(2) Exit by June 28, look for puts or watch out for 10% decline on the week of July 1

(3) Reenter after the 10% decline and hold until $36.30

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DOCS Trade the Swings

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