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vf_investment
Mar 28, 2023 11:05 AM

AMX - Rising Wedge Short

America Movil, S.A.B. de C.V.NYSE

Description

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.
Comments
MarsSignals
awesome work
LegionQ8
Awesome America Movil, S.A.B. de C.V overview mate, I'm fully agree with you
basictradingtv
didn't know this asset yet but thanks for the update!
ProjectSyndicate
yeah, noteworthy price/rsi divergence in progress
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