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DROPBOX, INCDROPBOX, INCDROPBOX, INC

DROPBOX, INC

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DBX trade ideas

US Stock In Play: $DBX (Dropbox Inc)$DBX is currently morphing out a Bullish Flag pattern, after initiating a breakout of its $25 year long price resistance. The total cumulative gain attained for this 5 days flag formation stance at +14.33%, with $DBX currently trading at its 52 weeks high at $28.07. With implied volatility of $DBX having picked up since December 2020, and currently trading at $1.10/day ATR in consolidated price action, $DBX is poised for a further continuous breakout towards $33 target. $DBX provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.
NASDAQ:DBXLong
by jfsrevg
DBX Long term base breakoutDBX broke out beautifully from a long term base on Friday. I traded it on the breakout Friday morning but closed the trade as I have not been holding much over the weekends. I will be looking to re-enter next week ,however as this has plenty of room to run longer term. If it pulls back right away I would take it off the green zone for a move back up the 618 fib. If price gaps up on Monday into the the 618 I will have to wait for a pull back from the 618 fib and some consolidation before entry.
NASDAQ:DBXLong
by WadeYendall
1
DBX, bullish long termDropbox used to be extremely useful for additional storage in cloud, however, due to whatever reason, stock price has been pretty dead since 2018 while many of its counterpart have launched to twice or thrice DBX current price. However, there seems to be a silver lining as the round bottom chart pattern has been cooking for 3 years. If it ever breaks above the neckline of round bottom, price could rocket towards a minimum target of 40, and base on projection it is 46.85 before retracement and consolidation *This is only for research purpose only, not buy or sell suggestion
NASDAQ:DBXLong
by jangseohee
9
Cup and Handle ABC BullishTargets listed are for the cup and handle pattern. Looks like DBX was breaking out and experienced a throwback. I need to check earnings release. It looks like another cup is trying to form on the handle but I think the handle low has pulled back too far. . Mid cup is 20.90. Support can be found at handle low and mid cup. These 2 are close together on DBX, forming a band of support. There is also an ABC pattern. To find targets, subtract A from B giving you the length of the AB leg. Then take that number and multiply it by 0.382, 0.618 and .786. Sometimes I just use .38, .62 and .79 of the AB leg length. If the lower fib levels are reached, try for 100 percent, 1.27 and 1.618 levels, keeping an eye on trend, overbought levels and resistance overhead. I am not bound by the holy grail to fib levels but some folks like to be exact. With projecting targets and recognizing harmonic patterns, they do come in handy. Anyway, look for you BC leg finding C. I like the auto fib tool on here but it does not always download to correct location for some patterns and you can not move it. But for ABC bullish patterns, it usually finds C with ease if C is C and if you have the tool turned the right way on your chart (there is a reverse option in settings). As a matter of fact, if I think it is an ABC pattern and the 0 on the chart is too high or too low, I do a retake on whether I am correct or not. The 0 fib level should be at C. The numbers you come up with are added to long entry level and not to C. The numbers do not always match the fib table as it starts from C. The numbers will be close if long entry level is not far from C. Sometimes long entry level is not super close to C and then the numbers do not match at all. You want to be sure long entry level is not at a big pile of resistance. This is one of those that is easier to tell after the pattern has broken verses beforehand. So, again it is subjective but is an important value in the target calculation. Some folks may add the levels to C. We are all different. Long entry is a break of the BC leg with an uptrend. This can be subjective. Stop is often placed a bit below C. The target is D. For this pattern C has to be higher than A, and of course B is higher than A or C. There is a red long legged dogi where DBX had earnings. Sometimes the bottom tail can make good support. It is like the tail dipped to that point and stopped. Not always a point of support but can be especially if there are a few stopping at same level. Not a recommendation.
NASDAQ:DBXLong
by lauralea
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$. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
NASDAQ:DBXLong
by Chartoholic
1
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!!!
NASDAQ:DBXLong
by FreshfadeIsh
3