- The Mexican Stock Market falls 0.13%, consolidating within the operating range of the previous session.
- The Dollar falls 0.59% daily against the Mexican Peso, currently operating above 20.11.
- Grupo Televisa shares lost 3.98% on Tuesday.
The Mexican Stock Exchange (BMV) signs its seventh consecutive session down, losing 0.14% today, to currently trade above 50,397. The Price and Quotations Index of the Mexican Stock Exchange established short-term resistance, given by the maximum of November 7 at 52,594. The next key resistance zone is at 54,343, the August 16 high. To the south, the important support area is at 49,486, the pivot point of November 6.
Grupo Televisa and Alfa keep the Mexican Stock Market in negative territory
The securities of Grupo Televisa (TLEVISA-CPO) lost 4.23% on Tuesday, trading at 8.16 Mexican pesos, marking its sixth consecutive downward session. In the same vein are the Alfa titles (ALFA), which registered a fall of 3.68%, reaching the minimum of November 7 at 14.87 Mexican pesos.
TELEVISA-CPO reacted downward in a short-term resistance given by the November 15 high at 8.97 Mexican pesos. We observe the next key resistance at 10.50 Mexican pesos, maximum on October 30. The key support zone is located at 7.62 Mexican pesos, the pivot point of October 28.
TLEVISA-CPO three-hour chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
