How the (MXE) price action is used to our Advantage
September 21, 2024, 01:28 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MXE
- Buy MXE near 8.87 target 10.09 stop loss @ 8.84 Details
The technical summary data tells us to buy MXE near 8.87 with an upside target of 10.09. This data also tells us to set a stop loss @ 8.84 to protect against excessive loss in case the stock begins to move against the trade. 8.87 is the first level of support below 9.001 , and by rule, any test of support is a buy signal. In this case, support 8.87 would be being tested, so a buy signal would exist.
- Short MXE slightly under 10.09, target 8.87, stop loss @ 10.12 Details
The technical summary data is suggesting a short of MXE as it gets near 10.09 with a downside target of 8.87. We should have a stop loss in place at 10.12though. 10.09 is the first level of resistance above 9.001, and by rule, any test of resistance is a short signal. In this case, if resistance 10.09 is being tested, so a short signal would exist.
Swing Trading Plans for MXE
- Buy MXE slightly over 9.02, target 9.33, Stop Loss @ 8.99 Details
If 9.02 begins to break higher, the technical summary data tells us to buy MXE just slightly over 9.02, with an upside target of 9.33. The data also tells us to set a stop loss @ 8.99 in case the stock turns against the trade. 9.02 is the first level of resistance above 9.001, and by rule, any break above resistance is a buy signal. In this case, 9.02, 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 MXE slightly near 9.02, target n/a, Stop Loss @ 9.05. Details
The technical summary data is suggesting a short of MXE if it tests 9.02 with a downside target of n/a. We should have a stop loss in place at 9.05 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, 9.02, 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 MXE
- Buy MXE slightly over 9.02, target 9.33, Stop Loss @ 9 Details
If 9.02 begins to break higher, the technical summary data tells us to buy MXE just slightly over 9.02, with an upside target of 9.33. The data also tells us to set a stop loss @ 9 in case the stock turns against the trade. 9.02 is the first level of resistance above 9.001, and by rule, any break above resistance is a buy signal. In this case, 9.02, 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 MXE slightly near 9.02, target n/a, Stop Loss @ 9.04. Details
The technical summary data is suggesting a short of MXE if it tests 9.02 with a downside target of n/a. We should have a stop loss in place at 9.04 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, 9.02, 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 Mexico Equity And Income Fund Inc. (the) (MXE) available here: MXE.
MXE Ratings for September 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
8.87 |
| P2 |
9.02 |
9.02 |
10.09 |
| P3 |
9.22 |
9.33 |
11.25 |
AI Generated Signals for MXE
Blue = Current Price
Red= Resistance
Green = Support
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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 Mexico Equity And Income Fund Inc. (the) (NYSE: MXE) data table below can help you with price action, and we have more details too. Trading plans for MXE 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 MXE:
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