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...
50% Fibonacci saved several times the bulls, but the bears will not give up.
Breakout of the 50% Fibonacci and new lows around $21.50
Dropbox, Inc is a collaboration platform that’s transforming the way people and teams work together. It offers the following products: Dropbox Basic, Plus, Professional, and Business. The Dropbox Basic is the simple,...
I tried to mark the waves and it is quite challenging to do it it for the uptrend.
I declined a potential 5-waves move up as a diagonal, as wave iii is longer than wave i, although it fits within the narrowing trend lines (will paste in the update section below).
As a working option, I arrived at the potential expanding leading diagonal, that has the potential...
Thursday, 25 November 2021
11:40 AM (WIB)
Dropbox has good opportunity for buyers to invest funds on long term transactions with 200 days around and reach 38% ROI. Is it worth it? 38% for 200 days?
"Live to Ride and Ride to Live"
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...
Entry price: 25,77
Target price: 32,62
Stop loss: 24,57
Keltner channel - price moved down to the lower boundary of the channel.
RSI reaches lower levels which suggests oversold conditions
ADX is a little bit above the 20.
-DI crossed over +DI and the space between them is wide.
The entry price is at the support of one of the...
Traders, Dropbox (DX) can fall from the current levels as it has reached an FCP zone and is forming a wedge as well. However there is an inverse head and shoulders pattern which can play out in the longer term. A break out above the this zone can take Dropbox to the next FCP zone above.
1. Never trade too much
2. Never trade without a confirmation
Today, we will share our view on DBX
The main two key items we were paying attention was the first resistance zone and the ABC pattern on the edge of it.
From there, we defined the next target based on previous situations, and 34.00 was the place where we saw clear rejections.
Now we can think about the shape of the ascending movement, and we can use the...
It is touching its 55 EMA on a daily candle timeframe.
It is at a point that served as resistance on February 8 and which subsequently functioned as support on 2 occasions, so it could be considered a strong reaction zone.
It has been in an uptrend since November 2 of last year, a continuation could serve to send prices to new all-time highs.
The money flow...
Filecoin offers filesharing and data storage like Dropbox and Amazon webservices, but the difference is that it is decentralized.
Users want to store data and want
Miners offer storage and need
- an internet connection
- and spare disk space.
Mining is based on
- Proof of replication
- Proof of spacetime
Miners proof they have stored...
$DBX looks to be forming a bullflag, I would expect us to bounce around between $27 and $25-6 before breaking out. - Natalie Garces
Current Price: $26.56
Support: $26.31, $26.17, $25.85, $25.35
Resistance: $27.33, $27.82, $28.27, $28.44, $29.39
$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...