MEXICAN BOLSA TECHNICAL ANALYSIS- June, 12, 2016

Mexican Bolsa IPC 12/06/2016

  • The Mexican IPC index has been in a clear consolidation since our first bearish recommendation.
  • Last week the Mexican IPC approached  closely to historical highs, but  rejected them.
  • While this  erratic behavior doesn’t give a clear signal until the consolidation is visibly broken we maintain our bearish bias considering that it is trading at the top of a consolidation.
  • If not actively into the trade we recommend to stay on the sidelines in order to look for a clearer entry.

IPC Index.

20160608-IPC D

 

Analyst: Victor Campos, CFA.

Source: LATAMPM with Tradingview.com data. Prices as of June, 8, 2016.

DISCLOSURE: The analyst or analysts responsible for this report may or may not have direct or indirect positions on the stocks and securities mentioned before, as of the date or after publishing. This report is for informational purposes only, based upon publicly available information. Accuracy and completeness of the information cannot be guaranteed. LATAM PM is not in any way be liable for claims related to this report. The information and analyses may not be suitable for your specific circumstances. Each investor shall make their own determination of the suitability of an investment of any securities referred to in this report.

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