NYSE:FMX   FOMENTO ECONOMICO MEXICANO SAB DE C SPON ADR RP 10 UTS(1B&2D-B&2'D-L
An intraday high potential, Back Tested Sort Analysis.

We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
ADX slopes down pointing a bearish decline.
CCI diverges the price crossing down the zero level as well as shown in the chart.
OBV breaking down supporting trendline
DETAILS ON THE CHART

NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested past succeeded performances.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.

Comments

Thanks for the chart. I agree with you I think more downside to follow. Here is my view of the weekly log chart. Best to in the new year

Reply
@goodguy, Hi, I wouldn't disagree with you, even if I study sort term chart mainly. My best wishes for the new year!
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