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Docusign’s stock price (DOCU) rose in the intraday levels, after leaning on the upward short-term trend line, while also leaning on the support of the 50-day SMA, lending it positive momentum, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the first resistance at $60.00, provided the support of $54.60 holds on.
Trend forecast: Bullish