DOCN: Quiet Strength, Big Catalyst Ahead
I continue adding to $DigitalOcean Holdings, Inc.(DOCN)$ . The guy who was acting as *both* the CTO and CPO resigned on November 26th, and the stock didn't flinch.
It's actually up over 7% since that day.
Something that should've created uncertainty...was completely absorbed? I noted this.
Now just go recruit an elite CTO, and I think the stock will go nuts. This is a catalyst for me now...something to look forward to.
They seem to be pushing upmarket, which I love. Reminds me a little of Shopify, which started almost exclusively as a tool for small businesses and expanded into enterprise as they grew.
I see the same situation unfolding with DOCN...as clients grow, DOCN grows with them.
Q3 moves gave DOCN a cleaner balance sheet, more flexibility, and clear signs of institutional confidence.
While I like the story, the technical setup is screaming at me.
Longer timeframes show me this has bottomed. Last 6 months it has been a magnet to the top right. Need a strong close over $50 and this could go bananas.
DOCN now $48.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
