When the Price of (FMX) Talks, People Listen

January 29, 2024, 20:26 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FMX

• Buy FMX slightly over 130.26 target 137.87 stop loss @ 129.88 Details

The technical summary data tells us to buy FMX near 130.26 with an upside target of 137.87. This data also tells us to set a stop loss @ 129.88 to protect against excessive loss in case the stock begins to move against the trade. 130.26 is the first level of support below 136.1 , and by rule, any test of support is a buy signal. In this case, support 130.26 is being tested, a buy signal would exist.

• Short FMX slightly under 137.87, target 130.26, stop loss @ 138.27 Details

The technical summary data is suggesting a short of FMX as it gets near 137.87 with a downside target of 130.26. We should have a stop loss in place at 138.27though. 137.87 is the first level of resistance above 136.1, and by rule, any test of resistance is a short signal. In this case, if resistance 137.87 is being tested, a short signal would exist.

Swing Trading Plans for FMX

• Buy FMX slightly over 137.87, target 138.65, Stop Loss @ 137.47 Details

If 137.87 begins to break higher, the technical summary data tells us to buy FMX just slightly over 137.87, with an upside target of 138.65. The data also tells us to set a stop loss @ 137.47 in case the stock turns against the trade. 137.87 is the first level of resistance above 136.1, and by rule, any break above resistance is a buy signal. In this case, 137.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FMX slightly near 137.87, target 135.34, Stop Loss @ 138.27. Details

The technical summary data is suggesting a short of FMX if it tests 137.87 with a downside target of 135.34. We should have a stop loss in place at 138.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 137.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FMX

• Buy FMX slightly over 137.1, target 137.87, Stop Loss @ 136.78 Details

If 137.1 begins to break higher, the technical summary data tells us to buy FMX just slightly over 137.1, with an upside target of 137.87. The data also tells us to set a stop loss @ 136.78 in case the stock turns against the trade. 137.1 is the first level of resistance above 136.1, and by rule, any break above resistance is a buy signal. In this case, 137.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FMX slightly near 137.1, target 135.34, Stop Loss @ 137.42. Details

The technical summary data is suggesting a short of FMX if it tests 137.1 with a downside target of 135.34. We should have a stop loss in place at 137.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 137.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Fomento Economico Mexicano S.a.b. De C.v. (FMX) available here: FMX.

FMX Ratings for January 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	121.92
P2	134.54	135.34	130.26
P3	137.1	138.65	137.87

AI Generated Signals for FMX

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Fomento Economico Mexicano S.a.b. De C.v. (NYSE: FMX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for FMX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.