BOX presenting a high probability setup!
Updated
* Exceptional earnings year over year
* Breaking out of its IPO base once again that dates back to 2015 ($24.73)
* High relative strength in the Tech sector
* In a very tight range for the past 3 weeks
* Offering a pocket pivot with in the range just before the breakout
* Maximum probable ROI would 21.65%
Trade Idea:
This is a great time to enter as it's just before the breakout
A lot of things are lining up right now
* Pocket pivot indicating institutional interest
* Tight consolidation for the past three weeks
* Very close to breaking out
* Recently broke back above the IPO base
* If you want to look for a discount you can look for buying opportunities near the $25.54 area
* Breaking out of its IPO base once again that dates back to 2015 ($24.73)
* High relative strength in the Tech sector
* In a very tight range for the past 3 weeks
* Offering a pocket pivot with in the range just before the breakout
* Maximum probable ROI would 21.65%
Trade Idea:
This is a great time to enter as it's just before the breakout
A lot of things are lining up right now
* Pocket pivot indicating institutional interest
* Tight consolidation for the past three weeks
* Very close to breaking out
* Recently broke back above the IPO base
* If you want to look for a discount you can look for buying opportunities near the $25.54 area
Note
UPDATE: Box was consolidating in a tight range for the past 3 weeks. It broke out and is offering another entry. If you want to get in you can use the following:Entry: $26.72
Stop: $25.33
Target: $29.50
Good luck!
Trade active
Took my entry for the following order.Entry: $26.72
Stop: $25.33
Target: $29.50
Let's see how it goes.
Trade closed manually
I'm out of this trade with a small loss. Reason for the exit, the stock was making lower lows on a daily basis since entry.
Better to cut losses quickly rather than wait in rough market conditions.
However, this is still a great stock and I'll keep an eye on this for an opportunity for reentry.
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