DigitalOcean: Let Us Wait For A Powerful Catalyst To Break Resistance
DigitalOcean(DOCN) Seeking Alpha·2024-09-08 21:00
Image Source/DigitalVision via Getty Images Introduction DigitalOcean (NYSE:DOCN) was one of the first companies that I have covered as Seeking Alpha's author. I was bullish in January with a 'Strong Buy' recommendation, but the stock price changed insignificantly compared to the overall U.S. stock market. SA Despite solid financial performance so far in 2024, the stock price has been trading in a relatively narrow range. According to the YTD share price chart above, $40 per share is a very strong resistanc ...