DBX IPO ANALYSIS: Initial offering about $29 then shot up to $45 which shows interest, then the stock bottomed out at .5 its ipo price at about $14 and formed the base ofthe cup of a cup and handle pattern. since creating bottom dbx has shown consistent accumulation and a symmetrycal cup pattern. My estimate is that price is at or is nearing the lip of the cup and is about to form a handle. Aggressive Long positions should be looked for in the zones marked. Conservative entries should wait until the handle breaks the lip of the cup so watch out for that too.
Chart PatternsCup And Handle

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