Monthly chart of FMX
Bearish bat pattern is complete on FMX.
Price may fall to .382 Fib level ie about 100. Thereafter, it may go to .618 Fib level ie. about 80.
Coin World reported that analysts expect the Federal Reserve will continue to raise interest rates by 25 basis points to 5.25%, which marks the terminal interest rate of this round of tightening cycle. Signs of softer economic data and tighter credit could prompt the FOMC to reach a consensus that rates are already restrictive enough to signal an inclination to...
The PEAD projected a Bullish outlook for $FMX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
The PEAD projected a Neutral outlook for $FMX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
The PEAD projected a Neutral outlook for $FMX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
TGT: 79.5 (Positional); 90 (Mid term)
It's a clear breakout for FMX with high volume, it broke the 200 EMA and the trend line.
For midterm investment in FMX:
EPS Growth this year: 401.8%
EPS Growth last 5 years: 44%
EPS Growth next year (Forecasted): 263%
Insider ownership is around 80%
52W range: 52.91 - 98.05
Let me know your opinions also.
Thank you!
The upcoming US-China trade talks are in market focus now, with the two countries continue to flex muscles. In the latest move, Washington imposed visa restrictions on Chinese officials accused of involvement in repression of Muslim populations. In turn, Beijing said the US was using the excuse of human rights to interfere in the China’s internal affairs. As...
Late last week, investor sentiment has improved somehow due to generally positive US jobs data which curbed concerns over a potential recession in the world’s largest economy after dismal manufacturing and services PMIs.
This week is going to be busy as well, with a new round of US-China trade talks will be in focus. The reports that Chinese officials have...
NYSE:FMX
Very particular this pattern in which the price has been bouncing perfectly for 6 and a half years on the parabolic support and is in the theoretical final phase before any breakout of the resistance that lasts a long time.
We set the alerts and wait.
Stay Tuned!
finance.yahoo.com
Today the two-day Federal Reserve policy meeting concludes. The central bank’s tone will set the direction for the dollar across the board. In the light of recent weakness in economic data from the US and a softer rhetoric from the Fed officials, traders expect the policymakers to adopt a dovish stance and confirm an easing bias in the second half of the year.
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An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
ADX slopes down pointing a bearish decline.
CCI diverges the price crossing down the zero level as well as shown in the chart.
OBV breaking down supporting trendline
DETAILS ON THE CHART
NOTE: Entry range...
Price may be looking for a short term rally towards US$87.02 after the recent beakout above US$80.31.
Support will be set around US$78.46 and US$76.26.
