Solid Daily Oversold Buy

Methanex is in a strong monthly uptrend but recently dipped oversold on the daily time-frame and flashed a buy signal. Adding to the bullishness, the recent daily range-expansion sell bar on 1/16 failed to meet its downside target. The chemical company has a FCF yield of 12%+, and the stop level is 1.5x daily ATR.

If you're interested in the methodology used above, stop by the Key Hidden Levels chat room. Posts are for my personal notes only


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