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ragnarok628
Dec 8, 2020 8:50 PM

Ichimoku entry DBX Long

Dropbox, Inc.NASDAQ

Description

Not as much recent volatility as you want to see but this ticks all the boxes and I like the cloud cross, should be primed to run up over the next few days.

Stoploss at $20.76, at $21.85 set a trailing stop of $0.18.

Am considering loosening up the trailing stop settings to be more aggressive after losing out on lots of gains in IGMS and GOGO today -_-

Comment

Barely missed stopping out, but that should have been the shakeout and we'll see the pop tomorrow

Comment

looks less like a shakeout now, but we will keep strong hands until stoploss is hit. From an AMT perspective I see the potential excess high but the action from these 2 days looks like establising value in a higher range, so we could well see at least a retest of that high

Trade closed: target reached

Well the pop came in after all (along with the rest of the market... but the rest of the market didn't grab a 10% gain like this strategy did with this DBX trade =)
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