Dropbox (DBX) trade
Hi everybody, Lazy Bull here of Save & Invest,
let's start this 2022 business, which will bring numerous innovations for those who follow me, with a limit order that I had in the market for some time, executed yesterday after the third consecutive reversal of the S & P500.
My trade, you can see from the screen, was $ 22.77, the low of the day...
Despite good earnings, Dropbox shares have lost about 20% from their August highs.
The news points in one direction only: several hedge funds have liquidated their positions and often this results in concomitant openings of put options.
There is nothing negative about the fundamental analysis.
From a technical point of view, we are already on an interesting...
I have been swing trading DBX over the last year and since been following this channel IMHO will reaching $33s and then pause after earnings to continue uptrend.
$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...
DBX refused to go higher up to $25.70. We are going lower, but it will be a good opportunity to open LONG positions. The market is still BULLISH.
ENTRY LEVELS LONG:
$23.61
$22.74
$21.79
DBX close to breaking out this yearly down trend resistance line (yellow). With ER approaching I can see a push to 30 this week if we some significant volume on the breakout. Small c&h to complete the right shoulder for inverse H&S pattern screams bullish to me.
Key Levels:
Support: 23.79, 21.67, 20.68
Resistance: 25.16, 26.37, 27.39, 28.77
Options to...
Dropbox is still a thing, their chart is doing some nice things here. Still looks like a bullish buy opportunity to me, its entered into a new channel.
I have no time to write up an angry rant but DO NOT miss the mega move thats coming for this one. It is an underdog just like Upwork was prior to recent move. Its the same looking chart. Moon is coming. This dog is absolutely UNDERFUCKINGVALUED and under appreciated like your spouse or significant other that you are not paying attention to because you are reading...
$DBX have successfully played out its Bullish Wedge breakout formation, attaining its target projection of $24.15 from the adjacent height of the previous correction.
Dropbox opened trading yesterday with Bullish Runaway Gap, characterized by a significant price change in the direction of the short term prevailing trend, closing the session with $24.20 acting as...
A great entry wouldve been right out of the falling wedge visible in the 15m
Target 22 and 22.50, Keeping it modest.
Should test resistance and then retest support and then fly like the wind.
RESISTANCE IS 21.50 to 21.60. My fault.
