BOXL ShortThis stock historically pumps hard for a day or two and drops off when interest in the stock falls. We see this from the lack of volume in the last 2 days of trading, with no more buyers to continue the stock's rise, it will drop back down to previous supports outlined below. This is common in low float stocks where you see massive interest drive the price up as the stock is manipulated, then drop off as the initial buyers exit and the rest are stuck trading amongst each other. When you see consolidation like this it is indicative of a lot of trades being executed among a small portion of buyers and sellers, once the price breaks out of this consolidation it will begin to sell off, unless there is another wave of buyers to continue the rise, use level two data to determine whether buyers are strong or weak.
