This stock has been trading sideways since the start of the year, If we can break out of this chart pattern and to the upside, it's a buy for me.
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.