Pfizer Inc.’s four year bull market may be nearing its end. A five-wave rise from the end of June 2010 seems to be reaching a final top. According to The Elliott Wave Principle, a three-wave decline of equal degree should come next. The Relative Strength Index is providing even more evidence for a probable loss…
On the 4th of March 2014 we made a forecast that Siemens AG’s shares could go near 89$. However, we supposed that a little more upside was possible, but prices fell instantly and 10 days later, on March 14th, our target was reached. We want to stress that, when we made that forecast, we were…
Carrefour SA started rising on the 10th of July 2012 and have been in an uptrend ever since. This rally began at 13 euro per share and peaked on December 2nd 2013 at 29.14. After adding over a 100 percent, it looks like it could go a little higher and the 30 euro mark could…
Facebook began its uptrend in the middle of 2012 and started to accelerate in wave 3 in mid 2013. The upward movement is almost completed as wave 3 has become more extended than usual, estimated 3.618 of wave 1. As wave 3 progresses, volume is decreasing, signalizing for a coming correction in the face of…
Should you be buying the recent pullback in Peugeot SA? Well, we do not think that is a good idea, because the dip is likely to extend. Many fundamental analysts think that this is an opportunity to go long in those shares, since Peugeot 308 has been crowned “Car of 2014” in the beginning of…
On the daily chart of MEDIASET (ME) we could see one of the clearest impulses. It shows that wave (5) looks like an unfinished ending diagonal. That is why we expect MEDIASET to reach one last new top in wave 5 of (5), before turning down for a natural three-wave correction. The final peak should…
On the 1-hour chart of General Electric’s shares we have something that looks like a perfect Elliott Wave 5-3 cycle. Prices fell impulsively from 27.96 to 24.30. Furthermore, a three-wave correction seems to be over as well. In our opinion, this is a good selling opportunity, because at least one more 5-wave decline should be…
The shares of Alcatel-Lucent SA have been dropping significantly from 13.80 to 0.70. As shown on the weekly chart, this decline is in impulsive fashion. At the bottom of wave 5, that 95% crash must have brought desperation among shareholders. Ironically, it was the right time for a switch in psychology, so when the fifth…
After a long and steady rise in wave 3 from September 2011 to January 2014, during which prices soared from 35 to 104 , it looks like Bayer AG’s stocks are ready for a more tangible corrective decline in wave 4. Since wave 2 is sharp, considering the rule of alternation, wave 4 should move…
Siemens AG’s shares are looking bearish on the 1-hour chart. A 10 $ drop-off in five waves from 101 to 91, followed by a 3-wave a-b-c zig-zag would have been enough to send prices down again. However, corrections seldom are so simple. It seems that we are currently in wave Y up, which should make a…
On the chart of McDonald’s below you can see a clear 5-wave impulse to the upside with a fifth wave extension. 5th wave extensions are usually retraced completely, which means that the following correction leads the price back to the level, where the extension started – the end of wave 4. As shown on the…
