DBX Stock 08/03/21 Analysis 4H ChartNASDAQ:DBX (Dropbox: DBX)
- Trend Analysis -
📑Value: 12/20
📈Growth: 14/20
💰Profitability: 14/20
🚀Momentum: 10/20
💸Earnings: 20/20
🖇️Total Score: 70/100
DBX
$DBX- Head and ShoulderLovely head and shoulders formation on DBX on a monthly timeframe.
Here's my trade plan
Entry: 25
Stop Loss: 21.50 (below January low)
Target: 42.50
Rewards: 73%
Risk: 12%
DBX entry levels LONGDBX refused to go higher up to $25.70. We are going lower, but it will be a good opportunity to open LONG positions. The market is still BULLISH.
ENTRY LEVELS LONG:
$23.61
$22.74
$21.79
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 4h Heavy in the flows means an increase in volume. A break above 23.86 will send DBX to the next leg up.
DROPBOX Broke its resistance 🚀Dropbox is still a thing, their chart is doing some nice things here. Still looks like a bullish buy opportunity to me, its entered into a new channel.
Dropbox (DBX) DO NOT IGNORE THIS UNDERDOGI have no time to write up an angry rant but DO NOT miss the mega move thats coming for this one. It is an underdog just like Upwork was prior to recent move. Its the same looking chart. Moon is coming. This dog is absolutely UNDERFUCKINGVALUED and under appreciated like your spouse or significant other that you are not paying attention to because you are reading this garbage post.
It has everything going for it. The only thing its missing is a crypto storage feature, imagine what would that do to the stock price? LOL
$60 on it. Dont care what the chart will do but we will get there.
DBX Positive trendTrendline confirmed since Covid-19. I think DBX shows great signs of growth whilst the ongoing fear of covid still exists. Pleanty of room to grow.
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
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? )
Dropbox ascending triangleAscending triangle with Dropbox. I'm expecting it to break resistance in the coming days
