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Crocs Inc(CROX-Q)
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Will Crocs Inc (CROX) Continue Upside As Bullish Sequence?

Elliott Wave Forecast - Tue Mar 5, 11:04AM CST

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.

Source: https://elliottwave-forecast.com/stock-market/will-crox-continue-upside-bullish-sequence/


On the date of publication, Elliott Wave Forecast did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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