2waytrading

Double Moving Average Crossover (Bearish 50W/200W)

Short
BATS:AMX   America Movil, S.A.B. de C.V. American Depository Receipt Series L
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Daily chart may suggest a possible break above the descending trend line and temporary upside move, but over the long term there is a possible breakdown and sustained down-trend to continue provided price fails to push above $20.55 area towards $25 area to fill the gap that scenario seems very small and downside target $11 area more likely. Join us http://www.woowtrading.net