$BOX Consolidating – Coiling?

Oct 24

I have had my eye on Box, Inc. since its last earnings. It has spent most of the time since then consolidating and letting the 50 DMA (red) catch up. I have also been looking at the AVWAP(s) from both earnings date and the 52-week high on Sept 17th (both light green). I have an alert set for a break above that tight area (both light green) where I will look for a low risk / reward entry. I am looking for this to rally into earnings, about a month away. All TBD.

BOX: Box and AWS partner to bring powerful generative AI models and capabilities to enterprise content. Briefing.com

Oct 29

Note

BOX continues to consolidate and is hovering around a rising 5 DMA. I have an alert set at $32.20. If that triggers today, I will open a starter position with a tight stop below yesterdays low. All TBD.