Xero is a New Zealand–based technology company that provides cloud-based accounting software for small businesses. The company has offices in New Zealand, Australia, the United Kingdom and the United States.
Looking to break to the upside of it's consolidation range.
Yes could be more downside but this correction is looking like it's near completed which will complete a larger wave 1-2 - setting the stage for a future macro wave 3 to make new highs.
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uptrend
As usual breakout could be proper select for entry especially after breaking a descending trend line and passing out of a pivot point .selective SL can be 131
XRO has showed a spectacular run in 2020 but since Jan 2021, it seems that XRO needs a breather and the double top kind of price action shows that it might have turned or about to turn for a decent pull back. I will be a confident buyer at or near my buy zone between $78.00 and $80.00, which is also its trendline support. I will be closely watching price action if...
Xero has been recovering nicely and managed to move up through a couple of fairly solid resistance points.
It is starting to approach old time highs again, so might be a bit of a short term pullback in the next couple of days, but it is looking good in the medium to long term, and there really doesn't seem to be much in the way of competition these days -...
XRO has been in its parabolic rise but will it continue further up. XRO has catapulted straight up in a straight line since a few years and any asset exhibiting such a parabolic move may often be followed by a sharp decline in price value. XRO has so far got rejected in the month of January 2021, at around $155.00 and currently trading at $136.00. Could it be the...
XERO completing double ABCD harmonic with huge red volume spike. Everything is wrong about this stock even fundamentally guidance is poor and PE is ridiculous 1000 plus . piling on debt for whatever reason not known . zero interest rate speculative mark up coming to and end and distribution phase started this past week . JP morgan labeled a target of $88
One to keep an eye on. Looks to be a very obvious/classic elliott wave formation in the XERO chart. The wave 5 formation has started to go a little parabolic of late which suggests an A-B-C correction is now a fairly high probability. As much as I like XERO'S fundamentals, might be best to be patient here.
XERO has been a great little runner over the last 12 months on the ASX and starting to look like challenging the $90 mark and then onto $100 with any luck. RSI still indicates plenty of value left and it is such an embedded finance / accounting system across most small businesses in Australia that it could well be worth a look.
Xero Ltd. engages in providing...
