DBX trade ideas
My thoughts on DBXCurrently I'm in July $33 and August $32 calls just waiting patiently through the whipsaw. But technically speaking it looks like DBX needs to clear the 33.23 area in order to really gain some momentum to the upside.
The candle on July 11, 2018 could quite possibly be a morning star reversal if DBX can break out of its triangle. Line in the sand is obviously losing the low of July 11th's candle and/or the lower trend line.
Let's see what she does! Would be nice if DBX was bought out in the next 1-2 months ;)
Interesting level to watchDBX is one of the recent IPO which hasn't really take off like IQ, and etc
It seems the DBX is bouncing off the level that it previously take off and this could be a significant support level. I am waiting to see if STO crosses buy and also an earning to watch on August 09 .
Buying The Drop on DBX - Bullish Divergence, Multiple IndicatorsNASDAQ:DBX is showing bullish divergence on the daily chart on multiple indicators. I have the Twiggs money Flow (TMF) and RSI above, and Stochastics below the daily chart. You can also find bullish divergence on the hourly chart with the extended hours. It's respecting fib retracements nicely. An entry anywhere around 32 gives great odds regardless if DBX goes sideways or bullish next. Otherwise, try the breakout ;)
