XRO Cup and Handle Possible $30+ moveHave a look at the chart, this large cup and handle shows a move back to all time highs. Could also go south but Indicators are currently poiting up.
XRO trade ideas
XROXero 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.
XERO 3WK AnalysisXERO touch bottom trendline at around 64. Expect price to break the RED trendline.
Price may touch strong resistance at 90.
Macro LongYes 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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Time to add Xero to the watchlist $XROThis 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.
XRO - Road MapXRO 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 and when we get there.
ASX based XERO on a European Acquisition TrailXero 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 - certainly not in the Australian landscape.
With their recent purchases of Swedens Tickstar (e-invoicing specialist) and Workforce Management Platform Planday it looks like they will be expanding their service offerings and hopefully in turn attracting more revenue and any businesses who have resisted switching across while awaiting those functionality changes.
Any stock market recovery will likely be led by tech stocks, so Xero is certainly worth keeping an eye on.
XRO - Will the rally continue?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 start of a decline in its price value?
The Monthly RSI value is 77.58 and the Weekly RSI is now at 64 after being extremely overbought and cooling off after giving a reading of 83 two weeks earlier. We can see a Bearish Engulfing Candlestick pattern forming this month though the month has not finished yet, but we should be mindful of the fact that if it closes this month weak, may be at the current levels or weaker, then it might continue lower in the months ahead for a deeper pull back.
It seems that at these current levels, it is extremely risky to buy XRO. We could see the pullback towards the 50% to 61.8% zone between $65.00 - $85.00 for a potential buying opportunity.
Please note these are my own notes for future reference, by no means trading advise for anyone. Please do your own research before entering into any trade.
XERO completing double ABCD harmonic with huge red volume spikeXERO 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
XERO - Love the Fundamentals - but ?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.
$XRO:ASX - XERO LIMITED - Through resistanceXERO through resistance and continuing to run nicely. Worth a watch.
$XRO:ASX - XERO LIMITED - Up 115% for the yearXERO 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 online business solutions for small businesses and their advisors. The company founded by Rodney Kenneth Drury and Hamish Edwards on July 6, 2006 and is headquartered in Wellington, New Zealand.
XRO technical analysis PT $100ASX:XRO I have been watching XRO quite long time. Solid bullish pattern, and price target is $100.
Good luck mates, don't miss the train.
XRO Returning to ATH'sXero is pretty much the closest thing Australia has to "big tech" and is looking pretty good to retest all time highs of $90. We are comfortably sitting above 20 and 50 MA's on all timeframes and we have a nice bull flag forming at the $80 resistance level. A clear break above the resistance will solidify a clear buy signal for me with a target of $90 and stop loss at $78.
Good times overLooks like the good run by Xero is over.
Couple rejection wicks of 87.
RSI turning into resistance.
MAC D 2nd sell signal
Going for the centurySerious accumulation here. Looking for a move through 82.8 and on to the century!
Buy XRO on $42 supportTheoretical trade entry point here today at open $43.02
Stoploss out 100% if trades below $34.80 (19% loss)
Targets
-$49.94
-$51.94
-$71
Xero (XRO) 4 year break out above all time highs.Looks like a great bullish breakout here to me, but I wish the volume was a bit higher.
Distance between 2014 high ($42) and lowest low since then ($12) is $30 which gives a long term goal price of $42+$30 = $72 target which would likely take years to hit. In percentage terms this is 60% upside
A stop at $37.49 gives a risk of $7.63 or 17%
Anyone else have similar or opposing views?
