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anthonylarro
Aug 30, 2018 12:36 AM

BOX Possibilities Long

Box, Inc.NYSE

Description

BOX gapped down big 10% on split earnings. Missed EPS, Beat Sales. Also gapped down out of a big sym triangle. We sold off most of the day but found a lot of support at 23.50. Its also a big daily support as well the 200sma, and past price levels. It looks like it could be a big trap play if it fakes out one way or the other. I would like to see if touch the 23.30 area before taking any trades on it. It could be a good short if we can get under 23.30 and hold it. But if it doesn't and starts looking strong I will also look for a long back up a point.
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