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 US and being a trade partner with the largest economy in the world.
Maybe I am wrong and this continues down another 15% to a point of huge support, or maybe it crashes through to levels not seen in decades. However, with a 15% stop loss from this period, you could see a potential 6:1 risk:reward in buying a position at these levels for a long-term swing trade.
Maybe I am wrong and this continues down another 15% to a point of huge support, or maybe it crashes through to levels not seen in decades. However, with a 15% stop loss from this period, you could see a potential 6:1 risk:reward in buying a position at these levels for a long-term swing trade.
Not
Screaming WEAKNESS here, don't see this pushing through the resistance channel.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.