How the (AMX) price action is used to our Advantage
October 09, 2024, 03:56 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMX
- Buy AMX near 15.77 target 17.15 stop loss @ 15.72 Details
The technical summary data tells us to buy AMX near 15.77 with an upside target of 17.15. This data also tells us to set a stop loss @ 15.72 to protect against excessive loss in case the stock begins to move against the trade. 15.77 is the first level of support below 16.08 , and by rule, any test of support is a buy signal. In this case, support 15.77 would be being tested, so a buy signal would exist.
- Short AMX slightly under 17.15, target 15.77, stop loss @ 17.2 Details
The technical summary data is suggesting a short of AMX as it gets near 17.15 with a downside target of 15.77. We should have a stop loss in place at 17.2though. 17.15 is the first level of resistance above 16.08, and by rule, any test of resistance is a short signal. In this case, if resistance 17.15 is being tested, so a short signal would exist.
Swing Trading Plans for AMX
- Buy AMX slightly over 16.51, target 17.15, Stop Loss @ 16.46 Details
If 16.51 begins to break higher, the technical summary data tells us to buy AMX just slightly over 16.51, with an upside target of 17.15. The data also tells us to set a stop loss @ 16.46 in case the stock turns against the trade. 16.51 is the first level of resistance above 16.08, and by rule, any break above resistance is a buy signal. In this case, 16.51, 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 AMX slightly near 16.51, target 16.06, Stop Loss @ 16.56. Details
The technical summary data is suggesting a short of AMX if it tests 16.51 with a downside target of 16.06. We should have a stop loss in place at 16.56 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, 16.51, 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 AMX
- Buy AMX slightly over 16.51, target 17.15, Stop Loss @ 16.47 Details
If 16.51 begins to break higher, the technical summary data tells us to buy AMX just slightly over 16.51, with an upside target of 17.15. The data also tells us to set a stop loss @ 16.47 in case the stock turns against the trade. 16.51 is the first level of resistance above 16.08, and by rule, any break above resistance is a buy signal. In this case, 16.51, 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 AMX slightly near 16.51, target 16.06, Stop Loss @ 16.55. Details
The technical summary data is suggesting a short of AMX if it tests 16.51 with a downside target of 16.06. We should have a stop loss in place at 16.55 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, 16.51, 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 America Movil S.a.b. De C.v.n Depositary Shares (each Representing The Right To Receive Twenty (20) Series B Shares (AMX) available here: AMX.
AMX Ratings for October 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
15.77 |
| P2 |
15.98 |
16.06 |
17.15 |
| P3 |
16.39 |
16.51 |
18.5 |
AI Generated Signals for AMX
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The America Movil S.a.b. De C.v.n Depositary Shares (each Representing The Right To Receive Twenty (20) Series B Shares (NYSE: AMX) data table below can help you with price action, and we have more details too. Trading plans for AMX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AMX:
pool ads
