Short Picks 8/30These 4 are my top Short ideas for today into the future until the price stays below the Red TrapZone.
The picks are based on momentum, volume and price action.
AMX/B trade ideas
AMX FORECASTToday im sharing my Telecom Services analysis
there are 52 stocks in my filter
There is a difference when i say forecast and analysis
like a forecast im just predicting what happens after my target is hit
all etf are down -25% to -37%
i will post an update listing all and who will yield highest in a short swing
LIKE COMMENT FOLLOW
and if you want to partner my email is in my DM
SENNA SEASON
AMX - America Movil ADR - BUY at 18-18.2AMX - America Movil ADR
Report on 08/02/2022 media-holding (telecommunication)
Buy @18-18,2 (current level)
Take profit - 21.8
Stop loss - 16,6
The idea on Mexican mediaholding is mainly based on technical analysis. On weekly graph we are sitting on support line of upward channel. + RSI.
Fundamental data in general is ok, the company is constantly showing profit, also profit margins are lower than industry average. ROE, ROA, P/E is better than average. Level of debt is on decent level based on sector the holding operates in.
Among risks:
- currency risk. The holding is based in Mexico, therefore peso-dollar rate has a significant impact on financial performance;
- negative news. On January 27 local regulator denied sought-after license to enter the local pay TV market. But local media market leader won't stop at this point certainly and if not today, but in the nearest future will reach its goals, which will give a boost to share prices. Also the holding is the one which will implement 5G in Mexico.
So, all in all AMX is a strong holding and if not on the report, but in the mid-term perspective quiet uptrend should continue. P.S. Dividends are also regularly paid to the shareholders.
$AMX daily #chart #cupandhandle #stocks #trading $AMX potentially breaking out from a year long descending triangle and C&H pattern
RSI at 59 currently with room to grow, MACD just crossing over and Histogram potentially turning positive
Check out the massive volume traded yesterday (6+ mil) , then check what the stock did in the previous sessions when similar volume has been recorded (pointed on the chart)
Potential target from the C&H pattern (T1) is around 17.50
Potential measured target from the breakout of the descending triangle (T2) is around 18.40
AMX W TF Broke Out And Giving Us A Bullish CSF At The Backside Amex Weekly Broke Out of From The Down Trend Line Taking Out Some Major Highs,
Now The Market Has Retraced and Created A Bullish Engulfing Candle Stick Formation With A Counter Trend Line Break.
On The Smaller Time Frame You Can See That The Market Have Retested The Weekly Candle Formation And Is Expected To Move Up Bullish,
If the Market Decides to Fall More I Will Look To Add To My Position At The Up trend Line If Necessary
- Weekly Low Price
- Weekly Bullish CSF
- Trend Line Break
- Weekly CTL Break
