BMW stock began its uptrend from 15.77 euro per share in October 2008. On July 14th 2014 prices reached as high as 96.05, but BMW was unable to keep that bullish momentum and is currently trading around 83. In order to decide if the uptrend is likely to resume, we will apply the Elliott Wave…
Future looks bright for Carrefour
More than six months ago we published an article, called “Carrefour SA, nearing the top”, saying that “while some may perceive 30 euro as a buying entry point, we think that the better decision is to get rid of those shares or go short on them”. The reason for this statement was our Elliott Wave…
BHP Billiton and the unreliable support
What is a support level? The support level is an area below the current price, which has prevented it from falling further in the past. That is why we would usually expect prices to bounce up from it again, when this support level is reached in the future. The weekly chart of BHP Billiton provides…
McDonalds looks ready to recover
McDonald’s’ recent 13-dollar sell-off caught many investors unprepared. If you are one of them, you may benefit from reading this. “So, the Elliott Wave cycle 5-3 is complete and another rally is highly probable.” This is an excerpt from our first stocks analysis, posted on 2nd March 2014. The analyzed stock was McDonald’s Corp. On…
Do not rely on iPhone 6 to move Apple up
All the good news around Apple may convince you, that now is the time to invest in the company. This article tells a different story. Investors should definitely read it. The new iPhone 6 will be launched today. People have been waiting in a queue for days, in order to be the first to buy…
Credit Agricole and the reigning bears
Credit Agricole stock has been in a strong downtrend for almost six years, starting from October 2006 until June 2012. During that period prices fell by 33 figures from 36 to 3 euro per share. Currently at 10.80, people may start thinking that Credit Agricole is finally recovering. But rising prices alone have no forecasting…
Morgan Stanley, lower stock prices ahead
Five-wave sequences is what every Elliott Wave analyst wants to see, when looking at the charts. According to the theory, after every five waves there should be a three-wave correction in the opposite direction, before the trend resumes. It seems that the 15-minute chart of Morgan Stanley offers all we need. The decline from 33.60…
Goldman Sachs does not look strong
Regardless of how big of a time frame, five-wave impulses show the direction of the larger trend. On the 15-minute chart of Goldman Sachs (GS) stock we can see a complete 5-3 Elliott Wave cycle, so we should expect another sell-off for wave (3)/C. Furthermore, wave (2)/B seems to have ended exactly at the 61.8%…
MEDIASET and the power of Elliott
Four and a half months ago, on March 15th 2014, we published a forecast of MEDIASET, called “MEDIASET to reach one last new top”. All we said in that article is limited to this: “On the daily chart of MEDIASET we could see one of the clearest impulses. It shows that wave (5) looks like…
Daimler AG, what a forecast!
On May 2nd 2014 we showed you a forecast of Daimler AG stock, saying that “we are expecting a third leg up in wave (c) of (2)/B, before the downtrend resumes. This count would be invalidated, if Daimler AG goes above 71.25, while the minimum downside target is below 63.95.” The chart, on which this…
Herbalife rose, despite Ackman’s attack. Why?
If you follow the logic of cause and effect, which by the way coincides with the logic of fundamental analysis, you would expect the price of a stock to rise in case of good news for the company and to decline, when bad news are released. For the human mind, this chain of thought makes…
NIKE Inc. locked in a triangle?
NIKE Inc. stock has been trading in a range between 80.30 and 70.00 since December 2013, without going to a new high or a new low. There is one Elliott Wave pattern, which comes into mind, when we see this type of consolidating price action – the triangle. Triangles precede the final movement of one…
Autodesk Inc. is a bull-trap right now
Autodesk Inc. stock started its uptrend from 28.00 in August 2012 and is currently trading slightly above 57. Almost 30 figures of steady rise in under two years is more than enough to convince the majority of traders and investors, that this stock is a good choice to invest in. However, we have said it before…
BNP Paribas to find support soon
In the middle of February BNP Paribas stock reached as high as 61.80, but was unable to keep that bullish momentum. Currently trading around 50.00, the time is appropriate to check how low prices could extend their downtrend. It is a very interesting sequence on the 4-hour chart of BNP Paribas. Starting from the top we…
Flextronics, a pattern to worry about
Flextronics International Ltd. stock has been in a strong uptrend since November 2008, climbing up by more than 10 figures from 1.30 to 11.47 so far. It is a rally quite impressive. Unfortunately, in the middle of this bull-trend there is a pattern, which carries a message to worry about. Triangles precede the last movement of…
