Dropbox 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
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