Thread by @malteseinvest

Analysis: #NASDAQ $BOXL

Case 402 #Boxlight Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#BOXL 1/4

Chart 1
Weekly Chart: It's been one year since price closed back above #SMA 50. As a minimum price needs to hold above synthetic #resistance at 3.67 to challenge the major resistance zone .....

BOXL 2/4

..... between 5.77 - 7.24 (Fib 0.382 and #pivots). A close above #Fib. 0.50 (8.87) quickly targets 11.05.

BOXL 3/4

Chart 2
Daily Chart: Good #support is seen from the close proximity of the weekly SMA 50 daily SMA 200 at 135/20 respectively with #trendline support at 0.82, off the all time lows.

The #Strategy is printed on the image.

$BOXL 4/4

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