BOXL - Grade: B

BOXL - Grade: B+ (original setup)

Upgraded to A- with push towards 3.51

Downgraded to flat B ; with this movement below 3.1 we should be watching for a bottom at 2.62 (as it’s the bottom of the 2.62 - 3.51 channel) over the next 2-3 days. Again we have the potential of a random gap upwards from relative momentum or a catalyst however we must trade as technically sound as possible in situations where supports are failing to hold and take better entries when given the opportunity to be patient.

UPGRADE to A if 3.51 can act as support

Above 3.51 we will watch for the 3.51 - 5.04 channel to play out

Key Levels: 1.96, 2.22, 2.62(B), 3.51, 5.04

Out of play below: 2.22

Breakout above: 2.62

Channels: 1.96 - 2.62, 2.62 - 3.51

BOXL working hard out of the gates, looking good above 2.62 already put in a nhod

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BOXL doing well, on the slow grind after the reclaim of 2.62, vwap and entry

Working towards it’s price target 3.51

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Using intraday key level 3.1 to secure 17% win. stop losses for profit are key, be sure to pay yourself.

BOXL nhod pushing past 3.51 we have 5.04 is the next key level. 3.51 will need to hold as support to fomo run

BOXL to consolidate above 3.1 and return to 3.51 support before lunch ends or we could see additional selling

BOXL swing potential. For those who entered early enough and have an average below the 3.1 key level today, a close above 3.51 will allow for an acceptable swing with managed risk.

If this closes above 3.1 but is unable to reclaim vwap and 3.51 my concern is we will see this extend to a 3-5 day setup (similar to AXSM after the original push) and you'd be down tomorrow.

Probability of successful swing with a close above 3.51 runs 70-80%

Probability of successful swing with close below 3.51 but above 3.1 lowers to 35-40%

from previous movement history and situation around momentum. Because this is on real news, we can expect the __value__ to increase but the __price__ inflating too quickly for volume will lead to additional consolidation and appropriation of the price catching up with value before it's next move.

BOXL failed 3.1 this isnt what we wanted for the swing

Downgraded to flat B ; with this movement below 3.1 we should be watching for a bottom at 2.62 (as it’s the bottom of the 2.62 - 3.51 channel) over the next 2-3 days. Again we have the potential of a random gap upwards from relative momentum or a catalyst however we must trade as technically sound as possible in situations where supports are failing to hold and take better entries when given the opportunity to be patient.

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swing, OWChris WingfieldComment