Bearish Bat on FMX

Short

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

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

Bat

Monthly chart of FMX

Bearish bat pattern is complete on FMX.

Price may fall to .382 Fib level ie about 100. Thereafter, it may go to .618 Fib level ie. about 80.

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