A One, And A Two…
The more signals you can get to verify potential setups, the better your odds
will be. While sometimes one signal is enough, when you can get at least two and
a pattern that repeats, that is even better.
12:21:46
Cemex (CX)
is moving in a counter trend rally to the 20-day moving average and a trendline.
Swing traders take note of the two prior reversals back to the downside off
the trendline and the MA. CX is currently up 0.26 at 27.17.
As you can see in Cemex
(
CX |
Quote |
Chart |
News |
PowerRating), the stock is hitting the 20-day
MA and the downward trendline, in addition to reversing in the area a couple of
times before. Will it perform the same this time? I cannot guarantee it, but it
is worth watching for a move under the previous low in the next few days.
Until tomorrow,