DBX Elliott Wave Analysis 12/22/20 $33 Target PriceUpdated Wave (2) correct labeling, double zigzags.
Three different calculations for Wave (5) give a probable/possible target price of $33
DBX trade ideas
$DBX Dropbox Potential Day Trade
Downtrend (white) broken and held on the back-test yesterday.
Potential entry above $24.14 resistance
Target $26.20 to previous pivot
👀🚨SUNDAY OPTIONS WATCHLIST 12/20/20🚨👀DBX - This one has already made a pretty big move but looks strong enough for more if we can break and hold 24. Will be looking to place calls on this for a longer term swing.
"DBX Long" Bullish will this be able to push back to $25+ $DBX NASDAQ:DBX $DBX Nice range break on the higher time frame and DT break and on the shorter time fram love the pull back and TB today will be looking for continuation to the upside and love the action on this one on 4/24/2021 22 and 23c
US Stock In Play: $DBX (Dropbox Inc)$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 an immediate resistance for the week.
The breakout of $24.20 on $DBX will be a valid mid term Double Bottom chart formation breakout in play, a continuous follow through for its second chart bullish chart formation breakout in less than 2 weeks; a potential reversal to a long term bullish price trend establishment.
$DBX reacting at support. I think it still has gas left$DBX reacting at support. I think it still has gas left
DROPBOX Chart DailyHey people, DROPBOX is in a bullish push with strong past buying volume and a trace made by buyers. In the TIMEFRAME M1 we observed a kind of hammer candle with a decrease on a volume return in purchase issued, it came to test the consolidation zone. High potential to breakout the price then subsequently breakout the zone to go to the second zone and land on the next high. With a first higher on the TIMEFRAME H4 and two higher (on the TIMEFRAME H1).
And if the buyers are still in the Momentum to climb on the high after before breakout of a consolidation zone. Little buying power to test half of ANDREWS PICHTFORK's median.
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DBX Elliott Wave Analysis 12/5/2020Wave 4 seems complete, should go up in five waves to a target price near 22
MTBC heading to the upsideNASDAQ:MTBC
mtbc just updated their guidance, tune down a bit, but still expect faster growth.
in the next week, it will be crucial for the bulls, if price can stay above 9.5, then 60 SMA will cross 120 SMA, it will be positioned to test 11.8 level.
But if 9.5 failed, then all SMA will line up to be a bear case
DBX - long ass bottom formingDBX - as I scoped around on youtube. Lots of people considering this as a good value play with over 30% of margin of safety
Thesis is this is a beaten down stock and is being disrespected and ignored. Massive rounding bottom is forming here.
Solid balance sheet
High margin business
Fantastic revenue model
Undervalued with respect to market cap, cash on balance sheet, gross margin is super high
Still growing revenue double digits
Management team is superb and is friends with the big players in big tech
Even if they aren't meeting expectations, this is a prime take out candidate for acquisition - buy them for pennies on the dollar - just like slack technologies
They're profitable and generating lots of free cash flow, ability to buy back shares and reward shareholders over time
I'll be buying some OTM leaps
Jan 2023 22$ strike leaps for 6.50$ x 15 contracts to start my position
Jan 2022 I'll also be selling 20$ puts for 3.5$ x 5 contracts and then selling the 25$ put strikes x 10 contracts for 6.75$ NASDAQ:DBX
I have over 700 days for this stock to move a few dollars in my favour to break even. This one is a sit and wait for long time as management turns the company around. Maybe get bought out for 2-3x their current share price
Ichimoku entry DBXNot as much recent volatility as you want to see but this ticks all the boxes and I like the cloud cross, should be primed to run up over the next few days.
Stoploss at $20.76, at $21.85 set a trailing stop of $0.18.
Am considering loosening up the trailing stop settings to be more aggressive after losing out on lots of gains in IGMS and GOGO today -_-
DBX Long, Inverse Head and Shoulders out of Falling Wedge 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 Gap FillRecently broke through strong support 21.38, if It makes it over 21.72 and holds, id grab and ride up the gap fill
PT1 21.75 PT2 22.80
$DBX Breaking out from its downtrend channel. $DBX Can go long here as it is breaking out from its downtrend channel.
US Stock In Play: $DBX (Dropbox Inc)$DBX (Bullish Falling Wedge in play – consolidation awaiting breakout)
DBX watch breakout from previous MA cross over areas NASDAQ:DBX
Watch out for area b/t 2 red line, previous heavily traded area, if price can stay in b/t for another 20-30 days, all MAs will be aligned for a huge run-up.
If rush up too much, then maybe a false break out since 200MA still huge resistance to the price
Sentimental :
lots of youtubers pumping it. SAAS overall high value VS DBX "poor" P/E ( due to its poor profitability ( maybe a take over? )
