CEMEX/CPO - Buying OpportunityCEMEX/CPO - Buying Opportunity.
TF analysis: 4H.
According to technical analysis, we can observe that we are in an uptrend channel, in which the price is gaining greater inclination by making higher lows. The projection of the possible upward movement is located up to the upper end of the channel.
CEMEX/CPO trade ideas
The importance of using different TimeframesWhen visualizing the market and conducting technical analysis, it is crucial to interpret different timeframes.
Multi-timeframe analysis can enhance the probability of success in our trading by utilizing support and resistance levels from higher timeframes than our base timeframe.
It is also useful for identifying candlestick patterns in other timeframes and assessing their alignment with other signals observed in our analysis.
CX CEMEX Commodity Infrastructure Stimulus IdeaJust sharing a series of investing ideas that interest me. This is not investment advice or licensed research.
CX has moved quite a bit off of its cycle low but still maintains quite a bit of upside, I think it has multi-bagger potential.
Incoming Infrastructure stimulus will be between $4 and $10 trillion just in 2021 alone.
$CX - earnings are coming but so is the largest volume shelfYou really need to scroll out to see the large volume shelf, with a top of $7.89-ish. (zoom out to include 2017)
Earnings are in 2 trading days, before the bell on the 29th.
Last earnings the stock took a hit for a few days but rebounded quickly.
I have been collecting this stock for nearly a year and am securely in the green.
But things can change at any time. I still maintain a tight stop loss.
If the stock get's past earnings and is above the 7.89 area, I will be adding substantially to my position (again, with tight stop loss).
It's one of my diamonds in the rough.