BOX has completed a 5 wave leading diagonal and is currently consolidating its gains.
The completion of a 3 waves consolidation will bring it to high 20s onward.
At present, Minuette Wave b appears to be completed.
It could still extend further to create a more complicated wave pattern.
Once completed, it will bring prices down below Minuette Wave a to complete...
BOX is a rather new listing which is less than 2 years old.
A upcoming Cloud service provider which primarily serves corporate clients to manage their content and collaborate internally/externally on the cloud.
Though it is down 27% from its list price, recent price action is however showing signs of strength.
From an Elliotician perspective, it is displaying...
The year over year growth has been compelling for Box and the stock has been on a nice uptrend since bottoming out at $10 in early and mid 2016. On March 2nd 2017 stock made a strong move to the downside breaking the near term support on a high volume due to not so stellar guidance but with strong earnings.
More details here : blog.buysellshortcover.com
