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US Stock In Play: $DBX (Dropbox Inc)

Long
NASDAQ: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.