Mar. 18 at 7:57 PM
$BOXL Although the price has been decreasing this week hitherto, the MACD 12-26 continues to curl up for the third week in a row. A MACD line rising while the price is dropping may indicate the exhaustion of a downtrend. Meanwhile, today's 1-second chart shows likely stop-loss harvesting around
$1.20,
$1.10, and
$1. There was a similar move on January 14th, a low-volume day like today, during which SL raids appeared to have occurred between
$1.51 and
$1.19. A week later after that, the first rally of this year occurred. Let's see how it will unfold hereafter. (not advice, just chart observations)
