TradingView
RA_Capital
Oct 11, 2019 11:41 AM

$AMX daily #chart #cupandhandle #stocks #trading  Long

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

Description

AMX potentially breaking out from a year long descending triangle and C&H pattern
RSI at 59 currently with room to grow, MACD just crossing over and Histogram potentially turning positive
Check out the massive volume traded yesterday (6+ mil) , then check what the stock did in the previous sessions when similar volume has been recorded (pointed on the chart)
Potential target from the C&H pattern (T1) is around 17.50
Potential measured target from the breakout of the descending triangle (T2) is around 18.40

Trade active

T1 reached
Congrats longs,
TA
More