The chart analyses short-term pricing after comparing a neutral/negative 200 EMA trend, 10/20 RSI values, and MACD trends immediately before changing its convergence to overselling, considering very low volumes. There were two times before in which these conditions were met: from March 08 to March 15 2019, and November 19 to November 27 of 2019. In both cases, in a span of 8 days from the lowest RSI to around RSI 80, the prices went up 10,60%, displaying moderate volatility. The point is maneuvering buy/sell before this 8-day cycle ends, and to be sure of having re-bought the stocks before the actual bullish trend begins in the 8th day. The price limit should be determined by EMA 200 and various contacts around $218. I'd suggest buying when market opens, sell when reaching these price, and buy again when prices decreasing to $207 (-5%, same as precedents show.)
Considering this precedents, then that this week is a short one in Argentina (07-09 and 07-10 are free days), and that negotiations with creditors are restarting again, this prices will be reached July 07; I don't think investors would like to keep the stocks considering that between 07-08 and 07-13 can happen a lot of things Argentinian debt.
Considering this precedents, then that this week is a short one in Argentina (07-09 and 07-10 are free days), and that negotiations with creditors are restarting again, this prices will be reached July 07; I don't think investors would like to keep the stocks considering that between 07-08 and 07-13 can happen a lot of things Argentinian debt.