Long CEMEX at 8.55 with a price target of 9.90 and a stop at 7.85. After posting surprisingly strong earnings in July price moved steadily above resistance at the ~8 level. Recently it seems to have confirmed a bounce off of this same ~8 level. I look for support in the same region with little resistance to the upside until ~10. R/R of 1.65/1. If you follow...
Looking to enter long at the current day high. 5 Year chart is coming up against 200 day moving average and may reject, but on the 1 year chart all signs point to an uptrend breakout.
CA has been hit hard while horizontally integrating their market. Now it looks like this current wedge may end in an Elliot Wave up starting this next week, as soon as the Stochastic RSI turns around (early next week?) EW projected from Ghost numbers, support and resistance levels. This may be a gain of $2 or more within weeks. We'll see...
if will break under yesterday low I think that RX have room for more downside. Ideal will be to see few more consolidation days and because of that I don't want to use any bigger stop. Idea is run to $7 area....http://tinyurl.com/noc9hzj
Well, I think Cemex could go down in the following days around 11.80 then it could go up to 14
Here is the flyer for the competition. I am looking at several companies to select from, and Cemex, now making its move out of Ruby is of interest to me. After the downgrades of '09 we are seeing more interest in this name. Potential move to the high 13'z maybe 14'z on an easy slope up. So, CX:NYSE is on the list for now. For the flyer and further information...