Crocs Inc (CROX) Favors Corrective Pullback Before Rally Resumes

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.

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.

In the previous article from 4.17.2023, CROX favored higher in (5) to finish ((1)) impulse sequence, which ended at 151.32 high & favors pullback in ((2)) in 7 swings structure. It favors lower in (Y) towards $80.76 - $50.05 area to finish ((2)) correction before upside resumes in ((3)).

CROX - Elliott Wave View From 4.17.2023: 

It placed I at $183.88 high & II at as 3 swing zigzag correction at $46.08 low. Above there, it favors higher in wave III, which confirms above I high. It placed (1) of ((1)) at $80.64 high started from II low & (2) at $65.17 low. (2) was corrected 0.5 Fibonacci retracement of (1). Later, it extended higher in (3), which ended at $143.50 high. It ended (4) correction at $109.47 low as slightly lower below 0.382 Fibonacci retracement of (3). Finally, it ended (5) at $151.32 high as ((1)) of III.

CROX - Elliott Wave Latest Daily View: 

It placed (W) of ((2)) at $101.65 low as 3 swing pullback. It bounced off in (X) connector as flat structure, which ended at $130.36 high. Below there, it favors lower in (Y) of ((2)) & expect to extend between $80.76 - $50.05 area before turning higher in ((3)) or at least can see 3 swing bounce. It favors lower in A of (Y) & expect small downside as it breaks below (W) low before a bounce in B connector. (Y) expect to unfold in 3 swings lower to finish the double correction in ((2)).

CROX - Elliott Wave Latest Weekly View: 

Source: https://elliottwave-forecast.com/stock-market/crocs-favors-corrective-pullback-rally-resumes/

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

STOCKS IN THIS BLOG POST

Comments