DBX Long

9 juil. 2021

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.