vf_investment

AMX - Rising Wedge

Short
NYSE:AMX   America Movil, S.A.B. de C.V.
On the chart we can see the rising wedge pattern which is a typical bearish formation.
We can observe regular bearish divergence which signifies buyer exhaustion.
Enter the short position once the breakout occurs.
In order to avoid the false breakout, look for the volume increase.
Comment:
The price still inside the wedge.

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