XPO continues rally in bullish sequence
|XPO INC., (XPO) provides freight transportation services in United States, rest of North America, Europe, UK & internationally. It operates in two segments, North American LTL & European Transportation & offers services to different industries. It is based in Greenwich, CT, comes under “Industrials” sector & trades as “XPO” ticker at NYSE. It is having 13.65 B$ market cap on 12-February-2024.
XPO is trading at ATH in impulse sequence in (3) of ((3)) of III of (III). It expects to remain supported in 3, 7 or 11 swings pullback to resume higher, which may provide trading opportunity.
XPO – Elliott Wave latest weekly view
It placed (II) at $13.30 low in weekly sequence in 2020 low & II of (III) at $24.75 low in 2022 low. Above there, it favors upside in ((3)) of III & remain supported, while dips remain above $65.80 low. It placed ((1)) of III at $80.42 high & ((2)) at $65.80 low as shallow correction. Within ((1)), it placed (1) at $45.06 high, (2) at $29.02 low, (3) at $76.77 high, (4) at $67.21 low & finally ended (5) at $80.42 high as ((1)). It ended ((2)) as 0.236 Fibonacci retracement of ((1)) before resumes higher in ((3)).
XPO – Elliott Wave latest daily view
Above ((2)) low of $65.80, it placed favors upside in 3 of (3) of ((3)). It placed (1) at $90.78 high & (2) at $78.72 low. Within (3) of ((3)), it placed 2 at $80.26 low & favors upside in ((iii)) of 3, while ended ((ii)) at $82.78 low. It expects one more push higher to finish ((iii)) of 3 soon before correcting in ((iv)). It expects to remain supported in the series of third and fourth waves to extend higher as the part of ((3)) of III, which can extend between $121.48 – $155.91 area. We like to buy the pullback in 3, 7 or 11 swigs pullback at extreme areas, when reached.
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