gingerheadtrader

BOX - Bull Flag Spotted

Long
NYSE:BOX   Box, Inc.
This appears to be a pretty textbook bull flag setup. I see a large volume spike and run up in price, then a period of consolidation. The stock is in an overall upward trend so I would expect this bull flag to be a continuation pattern at this point. Its hard to tell exactly but there appears to be a line of resistance on the RSI that was recently broken. That could mean good things coming. Barring any sort of downgrade or bad news that would bring this to $24.50, I think this stock is free to run to $30 +

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