Nestle Set to Complete a Pattern it Started in 2003

Nestle S.A. is one of the largest companies in the world and the biggest food and drink producer by revenue. The company is headquartered in Switzerland and went public in 2001. The stock’s all-time low was reached in March 2003, when it fell to CHF 23.32 a share. Seventeen years later now, Nestle stock is…

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EURGBP Pattern Signals Bullish Reversal Ahead

EURGBP has been in free fall since March 19th, when it rose to 0.9500. A month and a half later now, the pair is hovering below 0.8730, down 8% from the peak. Is the downtrend going to continue or should we expect a change of direction? That is the question we hope to answer in…

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GBPUSD Aiming at 1.30, but May Tumble to 1.21 First

Not long ago, we shared our long-term view of GBPUSD. In our opinion, the down-phase of the pair’s cycle, which is in its 13th year now, is almost over. One last dip to 1.1000 is likely to be followed by a major bearish reversal and the start of the next up-phase. Now, we are going…

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Bulls to Lift Mondi Stock to New Highs

We first wrote about Mondi plc, the paper and packaging company, almost a year ago. On May 5th, 2019, the stock was hovering above 1700 pence per share. Despite being down 25% from its all-time high already, we thought it was too early for investors to buy the dip. Our pessimism was based not on…

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Rapid7 ‘s Rapid Decline Plants the Seeds of a Rally

Eight months ago we made a case that Rapid7 investors should not expect the future to resemble the past. The stock was up 492% since February 2016 and was hovering above $53.50 in August, 2019. Without a doubt, the cyber-security industry was and still is enjoying a strong tailwind. However, Rapid7’s daily chart revealed a…

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British Pound ‘s 13-Year Downtrend Almost Over

The thirteen-year period between 2007 and 2020 started with the biggest crisis since the Great Depression and is about to end with the biggest crisis since the Great Depression. Between the two, the longest economic expansion on record took place. And while stock markets around the world reflected that recovery, some currencies have been in…

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EssilorLuxottica Lost 40%. Is It a Buy Now?

When we last wrote about EssilorLuxottica, the stock was at all-time highs. COVID-19 was still thought to be just a Chinese problem and nobody could’ve predicted the damage it would inflict on the rest of the world. Less than four months later now, Europe and the Americas are being held firmly in the virus’ grip.…

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Insurance ETF Nearly Halves As COVID-19 Takes Toll

Maybe only with the exception of grocery stores, one can hardly find a stock not suffering from the COVID-19 disaster. Insurance companies were not spared either, so it is no surprise that the SPDR Insurance ETF (KIE) crashed, as well. This ETF, which ranks Progressive and Brown & Brown among its top holdings, lost 46.1%…

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Avoiding the COVID-19 Crash in Realty Income Stock

Along with travel, the retail sector took a very severe hit from the COVID-19 lockdown. Most restaurants, apparel shops and department stores are closed for an indefinite period of time. This, in turn, creates a lot of headaches for the landlords, as well. Even dividend aristocrats like Realty Income took heavy losses. The company owns…

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Heineken Dips 34% as Elliott Wave Correction Begins

Alcoholic beverage companies are generally thought of as safe investments as consumption tends to remain stable even during difficult economic times. This is even more true when it comes to beer brewers, and especially so when speaking about Heineken – the largest brewer in Europe. But the COVID-19 brought an economic crisis unlike any other.…

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Another Nightmarish Week, Another Illogical S&P Surge

As COVID-19 spreads across the U.S., the economy is teetering on the verge of collapse. Initial jobless claims came in at 6.6 million yesterday, bringing the three-week tally to nearly 17 million. The unemployment rate is estimated to have already surpassed its 2008-2009 recession level. Economists at Goldman Sachs, Morgan Stanley and the IMF predict…

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Booking Stock Eyes Elliott Wave Support Near $1000

Social distancing measures in response to the coronavirus pandemic forced the global economy to grind to a halt. Among the many sectors that are now suffering, travel was probably hit the hardest. The market quickly reflected the new reality, punishing airline, restaurant and retail stocks. Booking Holdings, the leading player in the online travel industry,…

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S&P 500 Elliott Wave Analysis Giveaway

The S&P 500 crashed by as much as 35% in just one month. And while the coronavirus outbreak was totally unpredictable, the crash it caused made perfect sense. Elliott Wave is our favorite method of analysis, but as the market kept rising we decided to back it up with fundamental data. The result was a…

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Burlington Bears Returned with a Vengeance

Along with airlines and travel, retail has been among the industries hit the hardest by the coronavirus epidemic. Social distancing policies to contain the spread of the disease resulted in mall and store closures around the world. Burlington Stores is one of many victims. BURL stock exceeded $250 a share in mid-February 2020. A month…

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3i Stock Selloff Stopped by Fibonacci Support Level

3i stock was hovering around 1100 pence per share when we wrote about it in late-October 2019. The stock was up almost 1000% in ten years and few thought it was vulnerable to a significant decline. That was five months ago – before the coronavirus pandemic and the global stock market crash it triggered. But…

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