DBX trade ideas
DBX: A nice beat and plenty of upside left in this boxAgain need some help from the mkt and few upgrades. Plenty to cheer about. Cup and handle was formed.
$DBX BULLISH ON ACCUMULATION PRE EARNINGSHaving MSFT and GOOGL as you competition is not a comfortable market to sit in, but Dropbox has stood up to this challenge. Unfortunately they have done so at the cost of their margins, this has resulted in sell off's on its previous earnings reports. We are hoping for a positive report and margin improvement today which could produce a sizable jump int the stock.
Company Description
Dropbox, Inc. is a collaboration platform that's transforming the way people and teams work together. It offers following products: Dropbox Basic, Plus, Professional and Business. The Dropbox Basic is the simple, powerful home for photos, videos, docs, and other files. Its users also get access to new product Dropbox Paper, a collaborative workspace that helps teams create and share early ideas, and work with any type of content, in one centralized place. The Dropbox Plus provides unrivalled sync along with 1 TB of space, powerful sharing features, and increased control. The Dropbox Professional allows independent workers to store, share, and track their work from one place. The Dropbox Business is designed for small to enterprise level businesses, which users get full visibility and control over how critical work files are accessed and shared while letting team members continue to use the products.
DBX: Inverse H&S forming and earning is near.This has all the necessary ingredients to blow these numbers (marked). Very bullish.
$DBX watchlist$DBX looks like it's ending that slow melt up, entering a descending channel - the question that I'm asking and going to be watching over the next few days is will the firing pin be the 50-day ema or the 100 days.
DROPBOX INC long idea D1Price made an important movement last week with strong bullish pressure performing high volumes of transactions . I'm xpecting the price to continue in order to retest previous important level .1st potential target 26.68 , 2nd : 28.63 , and than 33.07 price will form a bat pattern pattern at this level .
DBX Lockup Expires, Breakout back to 32-33 possibleWith lockup expiring back in August, and the near perfect 10% dip. DBX might be on the incline back to previous area of strong resistance.
DBX OPTION - Chart says PUT01/02 possible option play (wait to buy at trending resistance)
01/18 DBX $17.50 PUT dip buy at resistance (0.15)
IV 69.23% VOLUME 0 OPEN INTEREST 1 current price $20.82
I starting watching this on Jan 2nd, i think it's time to get in. I don't like the bullish candle from Friday though. Robinhood has this as a 0.05 increment option play, quite cheap for an educated guess play.
MACD shows a slight move bull, but very similar to dec 12-14 MACD move when it went back south.
NOTE: My red arrow line is my breakeven/no profit-loss line. PUT - anything below the line is profit
Throw $5.00 at it and see if Dropbox continues to get pounded back down from trending resistance.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
DBX: buy at the bottom or breakout of the boxDropbox is a great company that's under its value at the moment. Last two days we saw a great recover, and the stock has reached its previous breakdown point. A break above the level would signal a bear trap, and a breakdown will likely mean new accumulation phase at a lower market level. A solid trade here is to buy at the bottom of the white box, place stop loss below, and trade towards recent value at near 27.
[DBX] Dropbox done dropping?I typically never chart stocks because I'm addicted to crypto, but my mom asked me for some bad advice...
Looking to at least hit $24.50 for now with potential upside of $26.50-27.50ish with current available data.
I also see a possible visit to $20ish but for now I'm looking upwards.
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Disclaimer:
I do not guarantee anything in this chart because honestly, this is just a random idea pulled outta my a$$ (where most good ideas come from).
The price could easily ignore my chart completely just to confirm my stupidity. I am a noob trader, I accept this. You should too.
To repeat, I am not a professional trader (I don't even play one on TV). I do get quite lucky sometimes, maybe this is one of those times.
I will gladly accept any criticism, comments, or critiques. I'm still trying to learn. Be nice. Be mean. I don't care, just be something.
