Will Crocs Inc (CROX) Continue Upside As Bullish Sequence?
Will Crocs Inc (CROX) Continue Upside As Bullish Sequence?
March 5, 2024 By EWFRaj
Crocs Inc., (CROX) designs, manufactures, markets & distributes casual lifestyle footwear & accessories for men, women & children worldwide. The company sells its products in approximately 85 countries through wholesalers, retail stores, e-commerce sites & third-party marketplaces. It is based in Colorado, US, comes under Consumer Cyclical sector & trades as “CROX” ticker at Nasdaq. It is having market cap of 7.54 B$ as on 4-March, 2024.
CROX favors upside in 3 of (3) of ((1)) of III & expect to remain choppy to higher above $74.00 low of II. It needs to break above $183.88 high of (I) to confirm the bullish sequence in (III).
CROX – Elliott Wave Latest Weekly View:
CROX – Elliott Wave Latest Weekly View:
It placed (I) at $183.88 high in weekly since 2008 low as impulse sequence. It corrected lower in (II) as zigzag down ended at $46.08 low as 0.764 Fibonacci retracement of (I) in 2022. Above there, it was showing impulse I higher, ended at $151.32 high. Within I sequence, it placed ((1)) at $83.64 high, ((2)) at $65.17 low, ((3)) at $143.50 high, ((4)) at $109.47 low & finally ended ((5)) at $151.32 high. It corrected lower in II at $74.00 low as around 0.764 Fibonacci retracement of I as dip pullback.
CROX – Elliott Wave Latest Daily View:
CROX – Elliott Wave Latest Daily View:
Within II correction, it placed ((A)) at $101.65 low and ((B)) at 130.36 high as flat bounce. Finally, it ended ((C)) at $74.00 low as 5 swings lower between extreme areas within $80.76 – $50.05 as II correction. It reacted higher in (1) of ((1)) of III from the extreme areas, which ended at $110.90 high. It corrected lower in (2) at $85.71 low. Later, it already broke above (1) high, confirmed upside to be (3) of ((1)) of III. Within (3), it ended 2 at $94.50 low & favors upside in ((i)) of 3, which may end soon before correcting in ((ii)) of 3. It should extend at least towards $122.55 – $145.39 area to finish (3) of ((1)). Further upside in III will confirm when it breaks above I high.
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
Source:https://elliottwave-forecast.com/stock-market/will-crox-continue-upside-bullish-sequence/
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
