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Ripple: SlumpedXRP slumped again last week. As before, we primarily expect a breakout to the downside. The coin should slide below the support at $0.2874 before it completes the magenta wave (c) and thus the blue wave (v). Only then should there be a trend reversal and a strong upward impulse. Should the price rise above the resistance at $0.9479 earlier, this will trigger our 37% probable alternative scenario. In this case, the magenta-colored wave alt.(d) is already underway.
KRAKEN:XRPUSDShort
by MarketIntel
Philip Morris: New Motivation!Philip Morris has gained new motivation, stretching visibly higher in its chart. Still, the price has more upward distance to cover before reaching our turquoise Target Zone between $119.47 and $123.80. Once the top of the turquoise wave B has been established there, the stock should sell off below the support at $82.95 and, afterward, into our green Target Zone between $77.61 and $62.42. The low of the green wave should then initiate a bullish trend reversal. However, we consider it 35% likely that the green wave alt. has already been finished. In this case, PM would surpass our turquoise Target Zone.
NYSE:PM
by MarketIntel
Caterpillar: Digging DeeperOur forecast for Caterpillar suggests that the green wave is currently being developed. We reckon with further price drops in the short term before the beige wave IV can conclude. The pending low should then initiate a trend reversal, which should enable an upward move above $402.16. However, in the context of our 35% probable alternative scenario, the trend would reverse earlier. In this case, the beige wave alt.III would form a new high above $402.16.
NYSE:CAT
by MarketIntel
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