DOCS put sweeps indicate short-term downside risk around earnings; support levels identified at 58-60 and below 50.

Uh really quick, um Docu, this is Docu Sign. They report earnings after the market closes today. I just saw a bunch of repeat put sweeps on this. They are the 65 puts that expire tomorrow.

So, this looks like a down position or positioning for a downward move uh shortterm that encompasses the earnings.

Notable. That's after the close today. Um well, it's quite interesting that we're we're getting that information as this runs up into the 500day SMA uh coming off of a double bottom that uh you know from that basically took all year to uh to shake out here to have a golden cross.

Number of indicators here that kind of give us you know a little bit of an idea of what might happen with the price action if there's anticipation for downside here. on this earnings report.

Well, that lines up pretty well with this with the rejection of the 500 day SMA. Let's say that happens. Where does this come down into? I would initially think, you know, 58 to 60.

That would be my initial thought is if we do get that weakness and we come back in and earnings are not favorable, I could see the price uh going through the 20-day SMA and coming back towards uh you know underneath 50.

But uh I think you'll find some support down around there.