DBX is one of the recent IPO which hasn't really take off like IQ, and etc
It seems the DBX is bouncing off the level that it previously take off and this could be a significant support level. I am waiting to see if STO crosses buy and also an earning to watch on August 09 .
This pattern seems to be a high probability trade. There is a very visible support uptrend line where the price bounces off and hit the high for the past 12 months.
Stop loss at around 37 , and target profit above $60.
In the past , it has tested the trend line multiple time.
It's a good long entry these few days.
Stochastic 15 and 30 mins have shown buying signal. Still waiting for hourly and maybe 4hours buy signal.
SL 29.27
Target : I think easily $38 and above.
Let me know what you guys thought.
I was looking to see MU stay above the $49.99 line but it broke and seems like it will still going down.
There is a downtrend channel so I went short. on 30, 1hr chart, Stochastic is still bearish.
There is a resistant line at $46.88 and I believe the stock will go down till this important line.
This is my first publish idea. Hopefully it could be useful and...
