One of the Most Bullish Sleeping Giants in the Stock Market??
Updated
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.
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.
Note
DBX currently sitting at $30 roughly. My position fully built out. We're currently in mark up phase after massive 2 year accumulation. Usually the longer the accumulation, the stronger the price move up relative to the timeframe. No price targets yet but DBX will be in discovery mode this year.
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