Dropbox ( NASDAQ:DBX ), a cloud storage and e-signature company, reported Q1 earnings results in line with analysts' expectations, with revenue up 3.3% year on year to $631.3 million. The company made a non-GAAP profit of $0.58 per share, improving from its $0.42 per share in the same quarter last year. Dropbox's gross margin (GAAP) was 83.2%, up from 80.9% in the...
Signals :
Entry price: 25,77
Target price: 32,62
Stop loss: 24,57
Indicators :
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.
Conclusion :
The entry price is at the support of one of the...
$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
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...
