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Dec 19, 2017 6:18 PM

FMX: Sort Opportunity Short

Fomento Economico Mexicano S.A.B. de C.V.NYSE

Description

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
goodguy
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

TradingStatistics
@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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