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.
Nota
Screaming WEAKNESS here, don't see this pushing through the resistance channel.
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.