bullish KUMO twist on the 1heven though it has a couple of bearish signals on the higher timeframes the 1h cloud KUMO twist indicates a bullish future for DBX
Dropbox
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
Dropbox is hot and bullishNASDAQ:DBX turned profitable for the last 3 quarters and turning interestingly bullish, anticipated price action is shown on the chart. I expect it to move higher until earning which will be a major test with the high profit estimate. A bit late on this one, I will buy in without stop but a good stop would be around 17$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
$DBX - Short term long opportunityNice cup and handle with a falling wedge breakout - targeting 25+ next week. Some more extended targets are:
26.65
27.13
27.83
Good luck!
Sleeping GIANT!!! Dropbox Earnings Call Today 02/18/2021 DropBox is a SLEEPING GIANT!!! This afternoon they will have there earnings call. I believe this company has longevity. They are becoming more essential. There is a "W" pattern off support on the weekly and daily chart which is why I have buys in the low $23 zone and a few at $24. This is long term, we will be breaking the old all time high. Buy 100+ shares for the big money profits. This is a healthy company expecting a good earnings call this afternoon. Todays earnings call could make the old resistance the new support. Load up, Dont let your money sit in the bank doing nothing, INVEST IT!!!
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
$DBX 4h Heavy in the flows means an increase in volume. A break above 23.86 will send DBX to the next leg up.
Dropbox could be about to rocketHi guys, a new company we will be looking at today is Dropbox (DBX). From the diagram we can see that wave 2 is currently in a triangle, and is close to completing its 4th wave and then heading down to completing the wave structure. I see the low of the stock hitting around 20-21$, a great buying opportunity where I see the company heading to higher highs (around 32-35$). When you apply a 1.618 extension to the first wave, this is around about where I see wave 3 completing at. Dropbox in my opinion is heavily undervalued, considering it is a company with over 500million active users. I have been invested in the company for some time now, and will be holding onto it until it reaches my overall long term price target of 70-75$.
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.
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
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.
US Stock In Play: $DBX (Dropbox Inc)$DBX (Bullish Falling Wedge in play – consolidation awaiting breakout)
DropBox Technical AnalysisPrices are moving in a sideways trend.
If the resistance at 23 USD will be broken, it might be seen as a buy signal, otherwise the idea is to sell and let the prices move in the channel formed between the resistance of 23 usd and the support of 20.50
Fundamental News
Meeting the needs of a very large market, Dropbox (NASDAQ:DBX) offers cloud storage, team collaboration and work productivity solutions. After hosting a conference call with its SVP of Engineer, Product and Design Timothy Young, one analyst is even more optimistic about DBX’s long-term growth prospects.
Five-star analyst Alex Zukin, of RBC Capital, tells clients he sees “solid potential for the company’s new product strategy, which essentially aims to be a knowledge worker’s central engagement hub.” The platform allows employees to communicate and collaborate using DBX’s own products, integrated applications and other content including URLs and various types of files.
According to Young, technology across various consumer goods is transitioning from an “ownership model” to an “access model”, with the cloud enabling this shift to happen in the workplace as well. As a result, this prompted DBX to revamp its product and strategy. Going beyond managing files, the company is now “in the business of managing asynchronous communications across mediums and even other applications.”
Zukin explained, “We note that Dropbox is not the only vendor trying to serve this need, but Dropbox does view its role here as unique, nothing that while companies like Zoom and Slack are greater for short conversations and exchanges, Dropbox is trying to provide institutional long-term memory.”
As part of this updated strategy, DBX has placed a significant focus on shifting it from an OS/utility layer to a foreground application. “The company highlighted not only its new desktop app, but also tray and menu bars that bring contextual awareness to the knowledge workers and an ability to bring in new aggregation points around access,” Zukin commented. Adding to the good news, management stated its user base is incredibly loyal and has reacted positively to the product changes.
Everything that DBX has going for it keeps Zukin with the bulls. To this end, he maintained an Outperform rating and $30 price target. The implication? Upside potential of 39%.
Looking at the consensus breakdown, 5 Buys, 1 Hold and 2 Sells have been assigned in the last three months. So, DBX gets a Moderate Buy consensus rating. At $26.43, the average price target indicates 23% upside potential.
DropBox Inc: My PositionCapital has been flowing into the tech sector since March of 2020. The only well known US tech company that I could find that wasn't hitting all time highs was NASDAQ:DBX . Low price shouldn't be the only reason you buy shares of a company. There needs to be other factors that confirm your contrarian bias.
Fundamentally what I know about DropBox, is their valuation are extremely high. There is no true value here from an asset perspective, however, we have to remember tech stocks are disconnected from reality and investors are happy to pay a premium (this is not to say this can last forever. One fundamental thing I do like about DropBox is the tools they create. They are developing a business suite similar to Microsoft Office, rather than just being a cloud storage company, which is what has been their business model historically.
Technically, I'm seeing a capitulation wick in march, an establishment of a base, and a breakout of that base, along with a breakout of the 100 and 200 week moving averages. There can still be decent pullbacks as this move gains some steam, so it's important to find a good entry point. I made my initial entry at $22.25.
If this up move continues, my targets sit at $26, $35, and $40 . This stock has potential to make new highs as investors search for where to park their capital. However, this all depends on how well the federal reserve does with liquidity. We are in an interesting economic situation.
I am closely watching $21 as support . If this is broken on the weekly chart, we are likely headed for $17.
I will assess the position week by week.
$DBX can rise in the next daysContextual immersion trading strategy idea.
Dropbox, Inc. provides a collaboration platform worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $23,53;
stop-loss — $22,32.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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