CX appears to be completing the c-wave of an a-b-c move from the
June low. So far unable to rally to the May high although it's
managed to retrace > .618.
Thanks for the info. There's scope for some further upside.
Best to short these formations nearer to the upper trendline
which for CX is currently ~11.70. A rise tomorrow on low volume
would probably present a good shorting opportunity.
Good luck.
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CX Cemex Short
Posted by rixx on 24th of Jul 2013 at 11:13 am
CX appears to be completing the c-wave of an a-b-c move from the June low. So far unable to rally to the May high although it's managed to retrace > .618.
CX reports earnings tomorrow. Looks good yet risky. Nice chart. Thanks!
Posted by cubby on 24th of Jul 2013 at 11:54 am
RE: CX earnings tomorrow
Posted by rixx on 24th of Jul 2013 at 04:44 pm
Thanks for the info. There's scope for some further upside.
Best to short these formations nearer to the upper trendline which for CX is currently ~11.70. A rise tomorrow on low volume would probably present a good shorting opportunity.
Good luck.