Looking at these lines drawn all over, using the monthly ,weekly, daily, and 4-hour, we see that the shares are hitting a strong multi-decade support area and are trading at the bottom of several different channels. I think, that a buy at these levels, shows a significant margin of safety for future growth trends as Mexico will benefit from its proximity to the...
Looks to me like it's headed towards another bottom. No reason why it should go up anyways, their whole country was downgraded last week.
If Feds don't cut rates, this will tank on the currency exchange alone.
Went long on EWW with profits from my GM puts, I'm betting that the Mexican president will respond with some BS to placate Trump over the weekend.
Small play, next week calls, only 10 contracts. This one is gonna be hit or miss I think.
Mexico is relatively cheap compared to other emerging market stock exchanges. In addition, I agree with several analysts that Mexico could be the winner of the trade war between USA and China.
My investment strategy indicated a buy signal for EWW on May 21, with a target price of ~48 USD/share (expected profit of ~7.5%).
When in doubt, short garbage. Candlesticks tend to work well on EWW, and the Mexican market goes down when the US market goes down.
2 day trade with weekly puts, though the safer play might be next week's puts.
20 contracts, next week's calls for kicks and giggles. They'll probably pump the markets while we're on holiday Monday.
Looking for a bounce back to $45, will close out the trade Tuesday afternoon regardless of where it's at.
So this is a example what our ForkTrading Members get as a potential trade signal.
Of course, not all our ideas transform in to dollars, and never will. But we trade with a very high probability, especially when using Options as our trading vehicle.
This was a nice RiskReversal.
We sold Puts and bought Calls in a ratio of 1:2, profiting from a steeper gain curve...
EWW is a trade I posted in the ForkTrading members area.
The Centerline was reached and the breath to the downside filled the lung to take a jump.
It's on it's way and we keep a close eye on it.
GL Forkers & P!