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brianweber
Jul 13, 2018 8:40 PM

My thoughts on DBX Long

Dropbox, Inc.NASDAQ

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Currently I'm in July $33 and August $32 calls just waiting patiently through the whipsaw. But technically speaking it looks like DBX needs to clear the 33.23 area in order to really gain some momentum to the upside.

The candle on July 11, 2018 could quite possibly be a morning star reversal if DBX can break out of its triangle. Line in the sand is obviously losing the low of July 11th's candle and/or the lower trend line.

Let's see what she does! Would be nice if DBX was bought out in the next 1-2 months ;)
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