The first time we wrote about 3i Group was in late-October 2019. The stock was hovering around 1100 pence a share following a 1000% gain in the past ten years. Needless to say, few thought a major decline was even possible. Fortunately, Elliott Wave analysis helped us see the bulls cannot be trusted. Five months…
Chevron Stock Doubled in a Year, Can Go Higher Still
A year ago it seemed like all hell was breaking loose on the oil industry. Even oil majors like Chevron couldn’t escape the carnage. First it was the pandemic, which forced governments to close businesses and restrict travel. Then, the Russia-Saudi Arabia oil price war worsened the situation as the two countries failed to negotiate…
S&P Global Can Disappoint in Next Couple of Years
In July last year we wrote an Elliott Wave analysis highlighting the possibility of a notable 40%+ correction in Moody’s stock. Seven months later now, the share price is little changed and the negative outlook remains valid. Today, we are going to examine Moody’s major rival – S&P Global Inc. S&P Global is a ratings…
Geberit to Flush 40% of Gains Down the Drain
Geberit Group is one of the largest sanitary technology and bathroom ceramics providers in the world. Headquartered in Switzerland, the company operates through the Bathroom, Piping, Installation and Flushing Systems segments. Founded in 1874, its stock trades on the SIX Swiss Exchange under the symbol GEBN. Less than two years after its early-2000 IPO, the…
Nifty 50 Index Can Severely Injure the Bulls in 2021
The U.S. S&P 500 index is up 67.6% since its March low. The Indian Nifty 50 did even better than that. The benchmark index of the second most populous country has climbed 79.4% from its 7511 bottom nine months ago. It currently trades slightly below 13 500, not far from its recent all-time high of…
EURUSD Surges 570 Pips After Fibonacci Encounter
EURUSD is trading at levels last seen in April 2018, when it was on its way down to 1.0636 by March 2020. The pair is now approaching 1.2200, up 14.5% since the COVID-19 selloff nine months ago. But trends don’t move in a straight line. Two months ago, we showed you how Elliott Wave analysis…
Ryanair Stock, Unlike Its Planes, Can Fly Again Soon
Few industries have been hit harder by the COVID-19 pandemic restrictions than the airlines. Flight numbers and passenger traffic have been significantly reduced in Europe and the U.S. since March. Even low-cost carriers like Ryanair were not spared. Ryanair’s passenger traffic plunged by 99.5% in May and is still down 64% in September. Apparently nobody…
General Mills Bearish Elliott Wave Cycle Spells Trouble
The last time we wrote about General Mills stock was over a year and a half ago. Following a bullish reversal Elliott Wave analysis helped us correctly predict in late-December 2018, the stock was trading above $51 a share in late-March 2019. It was a 33% recovery, whose structure, however, didn’t look quite as anticipated.…
Barry Callebaut Can Drop 25% as Fourth Wave Unfolds
Barry Callebaut AG is one of the largest cocoa processors and chocolate manufacturers in the world. Formed by the 1996 merger of Callebaut and Cacao Barry, the company produces over two million tonnes of cocoa and chocolate per year. Barry Callebaut went public on the SIX Swiss Exchange in 1998 and has been quite rewarding to investors ever since.…
Alteryx: Can We Trust the Pre-Market Enthusiasm?
Alteryx Inc., a self-service data analytics software provider, saw its shares soar 28% in pre-market trading today. The surge was caused by the better-than-expected Q3 revenue guidance the company issued yesterday. Apparently, the news that AYX was going to make $13-15 million more in quarterly sales than anticipated was enough for investors to boost its…
Alphabet Stock To $1700 and… Below?
Similarly to the market at large, Alphabet stock felt the tremors caused by the coronavirus panic. The Google parent’s share price fell from $1531 to $1009 between February 19th and March 23rd. One of the biggest and strongest companies in the world lost 34% of its value in a little over a month. However, thanks…
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…
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…
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…
Silver Bears Discouraged by Fibonacci Encounter
We last wrote about silver in March 2019, when the precious metal was hovering slightly above $15. Our analysis of its 4-hour chart gave us plenty of reasons for optimism. And indeed, six months later in September the price reached $19.65. Currently, silver is trading near $17.75, up from $16.53, but still down from that…
