Dropbox at the bottom of its rising trend channel
Dropbox has broken out of its negative trend channel around January 2020 and this area 21-22 $ seems like a great entry point if
the drawn trend channel holds up (there is some resistance at 23.5 $). Furthermore MACD gave a buy signal already in January 2020 and still no sell signal on the weekly chart has appeared. On the fundamental side, The Motley Fool also thinks it is a good buy: fool.com/investing/2020/06/02/4-reasons-to-buy-dropbox-stock-in-june.aspx
the drawn trend channel holds up (there is some resistance at 23.5 $). Furthermore MACD gave a buy signal already in January 2020 and still no sell signal on the weekly chart has appeared. On the fundamental side, The Motley Fool also thinks it is a good buy: fool.com/investing/2020/06/02/4-reasons-to-buy-dropbox-stock-in-june.aspx
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