Controladora Comercial Mexicana SAB d CV : Upon contact with significant supports
Entry price | Target | Stop-loss | Potential |
---|
MX$46.37 |
MX$0 |
MX$43.9 |
-100% |
---|
Controladora Comercial Mexicana SAB de C reaches a strategic entry point and keeps a considerable potential.
The business displays a considerable growth potential, as shown by Thomson Reuters, sales as well as earnings are expected to increase in the upcoming years.
From a technical viewpoint, the trend is neutral in the short term. The security is fluctuate in a wide trading range between MXN 45.91 and MXN 52.3. The latest downtrend pushed the security upon contact with the lower limit of this channel, that represents an important level on both daily and weekly data. This support threshold is likely to allow a significant technical rebound.
Traders should open a long position within the current area. In the first instance, the target price will can be fixed around the MXN 50 pivot point. In case of breakdown of the MXN 45.91 support at the closing price, investors should close their positions.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.