Will Crocs Inc (CROX) continue upside as bullish sequence?
|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. It is having market cap of 7.54 B$ as on 4-March, 2024.
CROX favors upside in 3 of (3) of ((1)) of III & expect to remain choppy to higher above $74.00 low of II. It needs to break above $183.88 high of (I) to confirm the bullish sequence in (III).
CROX – Elliott Wave latest weekly 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 2022. Above there, it was showing impulse I higher, ended 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 as dip pullback.
CROX – Elliott Wave latest daily view
Within II correction, it placed ((A)) at $101.65 low and ((B)) at 130.36 high as flat bounce. Finally, it ended ((C)) at $74.00 low as 5 swings lower between extreme areas within $80.76 – $50.05 as II correction. It reacted higher in (1) of ((1)) of III from the extreme areas, which ended at $110.90 high. It corrected lower in (2) at $85.71 low. Later, it already broke above (1) high, confirmed upside to be (3) of ((1)) of III. Within (3), it ended 2 at $94.50 low & favors upside in ((i)) of 3, which may end soon before correcting in ((ii)) of 3. It should extend at least towards $122.55 – $145.39 area to finish (3) of ((1)). Further upside in III will confirm when it breaks above I high.
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