Nick_C_

Solid Daily Oversold Buy

Long
NASDAQ:MEOH   Methanex Corporation
Methanex is in a strong monthly uptrend but recently dipped oversold on the daily time-frame and flashed a buy signal. Adding to the bullishness, the recent daily range-expansion sell bar on 1/16 failed to meet its downside target. The chemical company has a FCF yield of 12%+, and the stop level is 1.5x daily ATR.

If you're interested in the methodology used above, stop by the Key Hidden Levels chat room. Posts are for my personal notes only
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.