XOM Elliott Wave View: Soon Longs Should Be Risk Free
In this technical blog, we will look at the past performance of the 4hr Elliott Wave Charts of XOM. In which, the rally from the 23 March 2020 low is unfolding as an impulse and showed a...
Tag: ELLIOTTWAVE
10-Year U.S. Treasury Yield: Anticipating the Rising Trend
By Elliott Wave International On June 14, the yield on the 10-year U.S. Treasury note surpassed 3.45% — its highest level in more than 11 years. Keep in mind that the lowest intraday reading for the yield...
$CT #F: How to Buy Pullback in Big Rally of Cotton Prices?
Cotton is one of soft commodities, along with sugar, coffee, orange juice and cocoa. In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has obtained the dominance in textile manufacturing during...
BX – Correction Expect to Continue Before Rally Resumes
Blackstone Inc., (BX) is an alternative asses management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt & multi-asset class strategies. The firm typically invests in early stage companies....
How We Saw Algorand Cryptocurrency (ALGO) And What To Expect
Algorand is a proof-of-stake blockchain cryptocurrency protocol. Algorand’s native cryptocurrency is called ALGO. It was founded in 2017 by Silvio Micali, a professor at MIT, composed of a company and a foundation. Algorand Foundation manages ecosystem growth,...
Newmont Mining (NEM) Support Area in Pullback
In our previous article on March 20, 2022 about Newmont Mining (NEM), we mentioned the stock can soon end 5 waves up from 2015 low and see a larger pullback. Fast forward 3 months later, the stock has...
Tech Stocks and the Dot-com “Echo”
By Elliott Wave International The Wave Principle’s basic pattern includes five waves in the direction of the larger trend, followed by three corrective waves, as illustrated in both bull and bear markets below: You probably recall the...
UNFI : Expect Pulling Back Before Next Leg Higher
United Natural Foods Inc., (UNFI) together with its subsidiaries, distributes natural, organic, specialty, produce & conventional grocery & non-food products in the US and Canada. It operates in two segments, wholesale and retail. It is based Providence,...
Uranium Miners ETF (URA) Support Area
The long term fundamental background for Uranium is very promising. Shift towards green energy and less reliance on Russian’s oil should support Uranium. One way to capitalize on this opportunity is with the Uranium Miners ETF (URA). The...
$SIE: Siemens to Accelerate Higher amid Sanctions War?
Siemens SE is a German multinational conglomerate company and by revenue the largest industrial manufacturing enterprise in Europe. Company’s principal business divisions are Industry, Energy, Healthcare, Infrastructure & Cities. Founded in 1847 and headquartered in Munich, Germany,...