The last time we looked at the charts of Box Inc. ( BOX) was back on June 24 when we recommended that "BOX is ready to break out of a large saucer bottom pattern. The weekly Point and Figure charts suggest a target of $44. Traders could go long BOX at current levels or on strength above $30 - or both." 
Let's check on how things are proceeding for this company that develops and markets cloud-based content management, collaboration, and file sharing tools for businesses.
In this daily bar chart of BOX, below, we can see that prices traded sideways from June and did not rally above $30 until April. A long wait. BOX is now trading above the rising 50-day moving average line and the bullish 200-day moving average line.
The On-Balance-Volume (OBV) line shows an uptrend for the past 12 months and tells us that despite the prolonged sideways movement, buyers of BOX have been more aggressive than sellers.
The Moving Average Convergence Divergence (MACD) oscillator has been in a bullish alignment above the zero line since March.
In this weekly Japanese candlestick chart of BOX, below, we see a bullish set up with the chart and the indicators. Prices are in an uptrend above the rising 40-week moving average line.
The weekly OBV line is rising and confirms the price gains. The weekly candles are white and bullish and a shooting star pattern (bearish) was confirmed. The MACD oscillator is bullish.
In this daily Point and Figure chart of BOX, below, we can see a price target in the $42 area.
In this second Point and Figure chart of BOX, below, we used weekly price data and a price target of $44 is shown.
Bottom line strategy: BOX has broken out to a new high and looks "in gear" with the indicators. Traders who are long BOX should hold. Traders who are flat could go long at current levels. Risk to $28. The $42-$44 area is our price objective.
