The daily CBOE chart shows a complete decline from $ 138.54 three years ago to $ 72 in March 2020. This is similar to a simple ABC zigzag correction where wave B is an expanding flat (a) – (b) – ©. According to the theory, after the completion of the correction, the previous trend resumes. CBOE shares were clearly trending upward through 2018. This means that if this count is correct, the bulls can be expected to gain the upper hand again. Whether it’s a new uptrend or part of yet another three-wave sequence, the price is likely to approach $ 130 from here. In today’s turbulent environment, where everything seems to be pumped to the limit, CBOE is one of the few stocks at a reasonable price. In our opinion, the fact that it has dropped 30% over the past three years gives investors a good buying opportunity.
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