DBX trade ideas
DBX short term playFalling wedge wait, buy at support line with stop loss around 24.50 or wait for break out
$DBXI like how this Dropbox has reclaimed levels after falling through support and then regaining the level the next day.
Bullish engulfing candleBullish candle on the daily chart, Weekly chart shows a strong bullish candle as well, SL $26 PT $28
inaugural Post: Dbx Long I have been watching this one fall. Slight Bullish Divergence on the RSI on larger time frames. i may be a little bit eager but with NYSE:CRM reporting earnings this week. Very Large fan of the product and the upside.
DBX close to bottomThis is more gambling than investing. There is a slim chance of a double bottom forming.
inaugural post. DBX Ive been watching this one, waiting for the ability to post potential action. Bullish divergence on the RSI. With CRM is reporting earnings this Week, I believe DBX could begin to run.
DBX - Move down to support . (4 hours)Share drop 5% to double support(DAy chart) 26.80$ on the expiration of the lockup period.
Covered CALL on Dropbox #DBX $DBXHopped long on #DBX a few minutes ago with 100 shares, added a covered call to hedge the position: maximum risk from original trade was $200 and now sold a covered call for a $75 premium. This will reduce total maximum risk at $125.
Moderate TSI Divergence: Short term pop?1. TSI divergence (mild)
2. Low short term beta
3. Not particularly bullish on the stock generally, but curious about a short term move.
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 ;)
DBX Fibonacci retracementDBX touch 0.5 fibonacci support level at 36.70, today's lowest price is 36.53, it works pretty well, tomorrow watch for 0.618 support level at 35.08 and pre low 35.5. Potential entry point if volatility shrink at that area.
