Buy CX Long

Cemex, S.A.B. de C.V. SponsoredNYSE

Description

⋅ Aug 28, 2017 11:09 PM

CX is presenting a Hammer in the confirmation of the 9.00 as a support and in the lower trendline of an ascending channel. A nice buy opportunity

KL: 9.20
SL: 8.80
TP1: 10.20
TP2: 11.30

Comment

⋅ Aug 30, 2017 4:18 PM

Yesterday we had a bullish engulfing in D1. A good signal for the trade. With this movement the position size is updated with SL at 8.70.

Comments

RonaldNewcomb

⋅ Sep 11, 2017 2:05 PM

Hurricane damage, and "The Wall" as well as infrastructure all speak well for CX also, so, yes, good buy. CX should be at $11 in January.