pardis
Long

cemex...buy opportunity

NYSE:CX   CEMEX S.A.B. DE C.V. SPON ADR REP 10 CPO
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19
143 2
chart has respected to technical very nice ...
enter to buy position after breakout and closing candle above red line
The trade was 8.50 to $9. Perfect entry and exit no more than a 10 cent max risk at 8.40 with a first price target at 9 with choice of taking full or partial profits with next price target of $10 or just below the upper line of ressistance in this upward wedge channel it's trading in....or the option of just adding to the position based on momentum and any new news on the name....The 61.8 fib retracement was icing on the cake the trade already looked pretty high probability... Anyhow this is how I would have seen this without any info. on the company or any other info. other than the technicals of this chart with the premarked indicators alone... I love trading and technical analysis, I have been working non stop now for about 2 years to learn everything I can, any advice, criticisms on my chart interpretation(anything to add), any advice on raising capital, or getting into this career with the lowest risk profile, Maybe someone who has once been in my situation...I would greatly appreciate it, I am doing everything I possibly know to make it my career one day, which it will without question be, once I have acquired everything necessary. Sincerely,
Stephen S.
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pardis stephenasmith7178
@stephenasmith7178, hi...thanks a lot for perfect comment ...it was useful for me...
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