This scenario tells us that the stock may still have some upside potential for a fifth and final wave before we start a correction o the actual trend which would inevitably lead us to lower lows.
It seems the stocks may still have some bearish progression to make before it can get back to new highs.
Basing this purely on harmonics. The fundamentals are a bit against this idea since NEMAK announced pretty good fundamentals with a forecast of increase of sales in their aluminum products in the USA.
The stock shows a really "organic" development of waves, wich gives us a really good glimpse at the future to come.
El precio se encuentra en una zona donde puede subir hasta 26.87 o bajar a 25.88.
Arca is in a bull trend, now I m long due to the brak out of a triangle, and for the forecast of it s earnings.
Potential reversal zone First Target $17.24 - $17.18
Entry level: $3.2 First Target: $3.31 Second target: $3.4
Primer objetivo: 149.6 a 149.0 Segundo objetivo: 145.5
Punto de acumulación entre los 334.98 y 335.81, para pasar por todo el fibonacci