$DBX have successfully played out its Bullish Wedge breakout formation, attaining its target projection of $24.15 from the adjacent height of the previous correction. Dropbox opened trading yesterday with Bullish Runaway Gap, characterized by a significant price change in the direction of the short term prevailing trend, closing the session with $24.20 acting as...
$DBX reacting at support. I think it still has gas left
A great entry wouldve been right out of the falling wedge visible in the 15m Target 22 and 22.50, Keeping it modest. Should test resistance and then retest support and then fly like the wind. RESISTANCE IS 21.50 to 21.60. My fault.
$DBX (Bullish Falling Wedge in play – consolidation awaiting breakout)
Prices are moving in a sideways trend. If the resistance at 23 USD will be broken, it might be seen as a buy signal, otherwise the idea is to sell and let the prices move in the channel formed between the resistance of 23 usd and the support of 20.50 Fundamental News Meeting the needs of a very large market, Dropbox (NASDAQ:DBX) offers cloud storage, team...
Capital has been flowing into the tech sector since March of 2020. The only well known US tech company that I could find that wasn't hitting all time highs was NASDAQ:DBX . Low price shouldn't be the only reason you buy shares of a company. There needs to be other factors that confirm your contrarian bias. Fundamentally what I know about DropBox, is their...
Contextual immersion trading strategy idea. Dropbox, Inc. provides a collaboration platform worldwide. The demand for shares of the company looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $23,53; stop-loss — $22,32. Information about take-profits will be later. Do...
- 24% quarterly positive earning surprise pushes DropBox higher on the back of more people using Drop Box to support work from home. - They added an additional $1m paid users YoY and it's ~20% YTD Performance. - Technically the price has been pushing higher and zooming through the upsloping median line. We expect prices to head back to the support zone at $24
If successful, the next targets are $18.80 and $21.30.
Is Dropbox ever going back to $25+? It's been quite disappointing to watch, expect record minimums in the coming days.
Lower low, interesting RSI, and great potential reward for a correction wave. 20.5$ could be a resistance, if reached pay your stop, let 50% to reach 22.5$ TP2. Long 17$ TP1 20.5$ TP2 22.5$
01/02 possible option play (wait to buy at trending resistance) 01/18 DBX $17.50 PUT dip buy at resistance (0.15) IV 69.23% VOLUME 0 OPEN INTEREST 1 current price $20.82 I starting watching this on Jan 2nd, i think it's time to get in. I don't like the bullish candle from Friday though. Robinhood has this as a 0.05 increment option play, quite cheap for an...