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DROPBOX INC-CLASS ADD

DROPBOX INC-CLASS A

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1DBX trade ideas

Drop box Close to buy Zone🚀Fibonacci support level - 23.52 Weekly 100sma (Blue line )-23.70 Primary Trendline (Yellow line) - 23.20 Down more than 25% since its 52week high made back in August, A considerable correction here. Look for a bounce in the 23.50 area here with a bullish candle close. If support holds we should be headed back to new 52week high's. If it closes below 22$ then we must likely will be heading back to 17$ which would represent a 50% drop in this stock from August highs (Crash).
NASDAQ:DBXLong
by ContraryTrader
6
Dropbox - potential fifth wave up?I tried to mark the waves and it is quite challenging to do it it for the uptrend. I declined a potential 5-waves move up as a diagonal, as wave iii is longer than wave i, although it fits within the narrowing trend lines (will paste in the update section below). As a working option, I arrived at the potential expanding leading diagonal, that has the potential of breaking the ATH (post-IPO high) in a way shown on the chart. Hope you find this analysis helpful, if you invest in DBX. It is worth noting, that current price may be quite attractive given the 25% discount from the recent swing high)) Trade safe!
NLong
by UnknownUnicorn3382580
1
Dropbox (DBX) Trade AnalysisDespite good earnings, Dropbox shares have lost about 20% from their August highs. The news points in one direction only: several hedge funds have liquidated their positions and often this results in concomitant openings of put options. There is nothing negative about the fundamental analysis. From a technical point of view, we are already on an interesting level from a volumetric point of view, not far away we have the most interesting level, just above the POC of the last year and a half, in the area of $ 23.50. It is reasonable to assume an upward push, especially from that level, with the target: - $ 30 is the most conservative - $ 31 resistance which held the price several times, where the bears won the battle with the bulls - $ 33 last 3 years high, destined to be broken sooner or later See you soon for other market updates. Happy trading Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
NLong
by LazyBull5
Dropbox LONGSignals : Entry price: 25,77 Target price: 32,62 Stop loss: 24,57 Indicators : Keltner channel - price moved down to the lower boundary of the channel. RSI reaches lower levels which suggests oversold conditions ADX is a little bit above the 20. -DI crossed over +DI and the space between them is wide. Conclusion : The entry price is at the support of one of the Fibbonacci retracement level. RSI was approaching the oversold area and now is going up - people have started to buy the asset. The ADX is increasing from the 20 level. The -DI is starting to decrease and is above the +DI which indicates the buy signal. The long position is recommended. no financial advice
NLong
by vf_investment
DropBox (DBX): Can DROP From The Current LevelsTraders, Dropbox (DX) can fall from the current levels as it has reached an FCP zone and is forming a wedge as well. However there is an inverse head and shoulders pattern which can play out in the longer term. A break out above the this zone can take Dropbox to the next FCP zone above. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NShort
by vikinsa
3
DBX Looks Like Long LovingI really like when I see an uptrend that has been steadily building over time. That means there are more people into it that are probably profitable at this point and since it hasn't just came in a windfall it has more of a "earned" feeling to it. In turn, they are : a) more likely not going to quickly just sell off for profits like a pump & dump, and instead b) protect those profits from bad shorters by fighting them off with more buying. That would be the stock market side of things. Luckily, here with this company, it also has all the markings of a company that will make its place and has what it takes to be scaleable. That is the key to growth! This is the recipe of stock that sits in the mid to upper hundreds.
NLong
by AddaBullLecter
DBX LongDBX IPO ANALYSIS: Initial offering about $29 then shot up to $45 which shows interest, then the stock bottomed out at .5 its ipo price at about $14 and formed the base ofthe cup of a cup and handle pattern. since creating bottom dbx has shown consistent accumulation and a symmetrycal cup pattern. My estimate is that price is at or is nearing the lip of the cup and is about to form a handle. Aggressive Long positions should be looked for in the zones marked. Conservative entries should wait until the handle breaks the lip of the cup so watch out for that too.
N
by boraguzel
One of the Most Bullish Sleeping Giants in the Stock Market??Fundamentals aside. Dropbox has a nice 4 year accumulation period since Mar/April 2018. The stock is not very sexy but it originally opened at $30 range with ath around $42.50. Wyckoff view - Not sure if it's quite ready to breakout yet but price definitely hovering around Sign of Strength (SOS). Selling Climax (SC) and Automatic Reaction (AR), and Spring pretty clear to me. Good weekly ema support. Earnings on 2/18/2021 - If the giant hasn't been woken.. perhaps another positive earnings call can be the catalyst to propel the stock up. I have a few small options ready but have accumulated from $17 to $23 and ready to take off anytime it's ready.
NLong
by WILL12EMA
1
DBX clear way towards $34.00Today, we will share our view on DBX The main two key items we were paying attention was the first resistance zone and the ABC pattern on the edge of it. From there, we defined the next target based on previous situations, and 34.00 was the place where we saw clear rejections. Now we can think about the shape of the ascending movement, and we can use the cloned channels as guidelines for it. From current levels, we expect a resolution of this movement between 70 to 120 days. Thanks for reading!
NLong
by ThinkingAntsOk