#Cemex #CX - Long Position
Cemex has bullish signals on 1D, 1W as well as 1M TF.
MFI is currently at 15 which is an all-time-low on the 1M TF. RSI is at 31 which is near the RSI support zone (29-23) of last few years.
When you have a closer look on the MACD (zoom in) you can see a W-formation in the MACD histogram which will lead to a bullish MACD cross soon.
A bullish cross will also form on the WaveTrend oscillator on the monthly TF soon.
Bullish momentum on StochRSI will build up and the next bullish cycle will start.
Price could raise to 0.236 Fib resistance which is near $10.
SL can be placed slightly below the all-time low (below $1.79).
With entry @$3.40, TP@$9.69 and SL@ $1.69 R:R is 3.68.
At least a reversion to the mean can be expected (to about $7).
WARNING:
I´m not a financial advisor. For educational purpose only!
MFI is currently at 15 which is an all-time-low on the 1M TF. RSI is at 31 which is near the RSI support zone (29-23) of last few years.
When you have a closer look on the MACD (zoom in) you can see a W-formation in the MACD histogram which will lead to a bullish MACD cross soon.
A bullish cross will also form on the WaveTrend oscillator on the monthly TF soon.
Bullish momentum on StochRSI will build up and the next bullish cycle will start.
Price could raise to 0.236 Fib resistance which is near $10.
SL can be placed slightly below the all-time low (below $1.79).
With entry @$3.40, TP@$9.69 and SL@ $1.69 R:R is 3.68.
At least a reversion to the mean can be expected (to about $7).
WARNING:
I´m not a financial advisor. For educational purpose only!
Dagangan aktif
My entry: $3.21 (I should have bought more below $3.- but now it´s too late)Dagangan ditutup secara manual
I took profit at $3.98 today which is a 24% profit! I´m waiting for a re-entry between $3.30 - 3.10.-
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.