$DBX I'm trading this as a rebound from a bottom basing play. You can see my logic on the chart. $DBX did also beat on earnings however, it was not a big beat. We'll see what happens. It should be able to run the the first resistance line for a small profit. But I'm hoping it can bust thru there, at which point I may add, and it could go up to the upward trend...
(Work in progress)
After rejecting support at 25.20 the price broke the secondary uptrend line and price is now below EMA 50.
1) Bullish hammer candle, possible downtrend reversal at 25.00 - 24.45 and bounce until price reaches around 29.00
2) but if price falls below, then is a bearish continuation and price will test at 23.66, close to the EMA 200. Price...
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...
DBX price above 200SMA hence still on an uptrend.
Price had tested 50/20SMA three times.
Likely to be a rebound off 20SMA with a double bottom pattern.
Bull Flag on $DBX. It broke its downtrend yesterday and may finally make its way to $30. Thinking $30 strike calls for 4/16 exp. or the 5/21 exp. Entry point is $27.59 and stop loss is 26.80. MACD and RSI showing good signs
$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
Weekly head and shoulders pattern
H4 frame clearly bullish.
First target would be the post-IPO high, after a proper consolidation at the high, it will grow substantially
$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...
