Having MSFT and GOOGL as you competition is not a comfortable market to sit in, but Dropbox has stood up to this challenge. Unfortunately they have done so at the cost of their margins, this has resulted in sell off's on its previous earnings reports. We are hoping for a positive report and margin improvement today which could produce a sizable jump int the stock....
$DBX looks like it's ending that slow melt up, entering a descending channel - the question that I'm asking and going to be watching over the next few days is will the firing pin be the 50-day ema or the 100 days.
Price made an important movement last week with strong bullish pressure performing high volumes of transactions . I'm xpecting the price to continue in order to retest previous important level .1st potential target 26.68 , 2nd : 28.63 , and than 33.07 price will form a bat pattern pattern at this level .
01/02 possible option play (wait to buy at trending resistance)
01/18 DBX $17.50 PUT dip buy at resistance (0.15)
IV 69.23% VOLUME 0 OPEN INTEREST 1 current price $20.82
I starting watching this on Jan 2nd, i think it's time to get in. I don't like the bullish candle from Friday though. Robinhood has this as a 0.05 increment option play, quite cheap for an...