- DOCN rose above its steep, 2022 downtrend in May. DOCN only turned higher after falling over 75% from the December 2021 highs. DOCN has formed a pattern of higher lows and higher highs = uptrend (zoom chart).
RRG analysis shows that DOCN’s sector, Cloud Computing, has moved out of the Lagging quadrant and is now headed toward the Leading quadrant as it starts to outperform after showing increased RS momentum over the past month.
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.