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XPO Continue Rally in Bullish Sequence

by SuperiorInvest


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XPO INC., (XPO) provides trucking services in United States, the rest of North America, Europe, the United Kingdom and internationally. It operates in two segments, North American LTL & European shipping & offers services to various industries. Based in Greenwich, CT, it falls under the “Industrials” sector & trades under the ticker “XPO” on the NYSE. As of February 12, 2024, it has a market cap of B$13.65.

XPO trades at ATH in impulse order in (3) of (3)) of III or (III). It expects it to remain supported in the 3, 7 or 11 swings to move back up, which may provide a trading opportunity.

XPO – Elliott Wave Latest Weekly View:

It placed (II) at $13.30 low in weekly order 2020 low & II of (III) at $24.75 low in 2022. Above that it favors upside in ((3)) III & III. they remain supported while dips remain above $65.80. Placed ((1)) of III at $80.42 & ((2)) at $65.80 low as a shallow correction. Within ((1) it was (1) a high of $45.06, (2) a low of $29.02, (3) a high of $76.77, (4) a low of 67.21 USD & finally ended (5) at $80.42 as ((1)). Ended ((2)) as 0.236 Fibonacci retracement ((1)) before resuming above in ((3)).

XPO – Latest Daily Elliott Wave View:

Above the ((2)) low of $65.80 placed favorites up in 3 of (3) of ((3)). It made (1) a high of $90.78 & (2) a low of $78.72. Within (3) of ((3) it placed 2 at a low of $80.26 and placed up on ((iii)) of 3 while ending ((ii)) at a low of $82.78. It expects to close soon one more push above ((iii)) of 3 before the correction in ((iv)). Expects it to remain supported in the third and fourth wave series that will extend higher as part of ((3)) III which can extend between $121.48 – $155.91 We like to buy a 3, 7 or 11 piece move in extreme areas when it is reached.

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