US Stock In Play: $DBX (Dropbox Inc)

18 Mar 2021

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 11.10/DAY ATR in consolidated price action, DBX is poised for a further continuous breakout towards $33 target.

DBX provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.