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.
CXD 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.
breakout to the target of 12 CemexCEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. Its cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.