Volume flow and trend would suggest a break out to 27.50 to 31.5Drop Box has EARNINGS 2/18. the 15 min chart volume inflow would suggest people are holding their positions and gaining volume to the upside. By mid MARCH this can be up to $31.5 IMO. I also want to mention that DBX market cap is 10B comparatively to DOCU which has a market cap of 50B!
DBX trade ideas
DBX Elliott Wave Analysis 2/12/21Correction hit the 38.2%
Possible nested wave one of a fifth of intermediate degree
I believe to be upside from now on, volume is relatively low but it should pick up leading to earnings day.
My target remains the same but time frame changed, I expect it to continue to go up after earnings, unless the price raises drastically which is very unlikely.
DBX inverse head and shoulders This formation is yet to let me down.
Although there is a strong amount of resistance at the yellow dotted line above. I think that will only make it fly further once we break it.
Earnings are coming up... sounds like a good time to bust down walls.
-NOT Financial Advice
DBX can go BOOM! ER run upDBX close to breaking out this yearly down trend resistance line (yellow). With ER approaching I can see a push to 30 this week if we some significant volume on the breakout. Small c&h to complete the right shoulder for inverse H&S pattern screams bullish to me.
Key Levels:
Support: 23.79, 21.67, 20.68
Resistance: 25.16, 26.37, 27.39, 28.77
Options to consider:
25C 2/12 .80 (Medium Risk weekly)
26C 2/12 .48 (High Risk weekly)
25C 2/19 1.74 (Safe ATM option)
30C 2/12 .11 (Extreme risk lotto)
35C 7/16 1.52 (Long term lotto)
option terms:
ITM: In the Money
OTM: Out the Money
ATM: At the money
Lotto: High risk play with very minimal chance of profit
Credit: Tomikazi @TheTomikazi and Tiffany (twitter: @dnvenom) putting this on my WL
$DBX | Dropbox [Update]: Bullish Triangle Breakout and Retest Price broke out and retested a large bullish triangle following its run up in December. I expect $DBX to continue its push to the upside.
See my previous $DBX analysis below:
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽