CROX (Crocs Inc) Should Continue Further Upside
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.
As showing in the previous article, CROX favors upside in (3) of ((1)) & remain supported within the sequence started from November-2023 low. It favors upside in 5 of (3), while dips remain above 143.28 low.
CROX - Elliott Wave Latest Daily 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 June-2022. Above there, it ended I of (III) 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.
CROX - Elliott Wave Latest Weekly View:
Above II low, it placed (2) of ((1)) at $85.71 low & favors upside in (3) of ((1)). It already broke above I high, favoring upside to extend towards $179.29 or higher level. Yet, it needs to break above (I) high to confirm the weekly bullish sequence. Within (3), it placed 1 at $106.83 high, 2 at $94.50 low, 3 at $146.79 low & 4 at $118.60 low. Above there, it favors upside in 5 of (3) & expect further upside, while dips remain above $143.28 low of ((ii)). Alternatively, below $143.28 low, it should be within (4) correction, while placed (3) at $158.11 high. In either the case, we like to buy the pullback in 3, 7 or 11 swings towards short term extreme areas for the next move higher.
Source: https://elliottwave-forecast.com/stock-market/crocs-inc-continue-upside/
On the date of publication, Elliott Wave Forecast did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.