Apart form the surely artificial rally from late July 2020, TGLT is describing a perfectly symmetrical figure, which begins from January 2020. What is it? I don't know: maybe some kind of reversal double-headed & shoulders... If so, would price sink up to ARS 5,00? Better wait no confirmation!
What's next for the Argentinian Peso? Over the past year, the Argentinian Peso has last 20.3% against the US dollar. A combination of spiraling government debt, political unrest, and the Coronavirus have seen Argentina fall further into recession. The deprecation of the Argentinian Peso came when the government defaulted on their debt for the 9th time –...
#SUPV ADR - Testing again 2.70 resistance. Fourth consecutive times in the past two weeks. Even though volume is improving, there is an awful divergence on MACD indicator that threats our break through. Monday´s volumen will be key before open a long position.
En el caso de que vuelva a 102 se podría presentar una gran oportunidad de compra, en caso de romper el máximo anterior probablemente entre en un rally alcista impulsado por fundamentales como que el gobierno buscara una reactivación económica por medio de políticas keynesiana y por un aumento de la inversión privada en el desarrollo inmobiliario debido a los...
Banco Macro SA (BCBA: BMA) is about to complete an ascending wedge formation. From its current ARS 253, its target is most likely to be between ARS 239 and ARS 234, as several support contacts have been tested there.
San Miguel S.A (SAMI) Is about to confirm a head and shoulders formation. After a tremendous price sinking, the only way now is upwards, but not that up: With some luck prices will recover up to ARS 142 before decreasing up to who knows at which price.
Today Ternium Argentina (TXAR) began its way up towards its next resistance within its wedge, located around ARS 35. It can be noticed a substantial difference between selling and buying volume, being the former the most significant. Stoch RSI is 5/10, MACD is still depicting a downwards trend, and Momentum has reached its lowest level since COVID-19 market...
Importadora y Exportadora Patagonia (PATA) shows signs of starting its way up. RSI, MACD and Momentum are increasing at a moderate rhythm, but most importantly prices are about to escape from the downward channel that began after May 04 (ARS 43,00). The current RSI, MACD, and Momentum values depict an interesting point of There are some resistances to consider:...
The chart analyses an imminent bearish trend for Cablevision Holding (AR:CVH) stock, as prices are near the top of its rectangular, parallel channel. As can be seen in the chart, after an interesting bearish trend, the stock got into a rectangular channel, peaking un ARS 478 on June 08. In that occasion, RSI reached 85/85, MACD reached +5.30, and Momentum reached...
The chart analyses short-term pricing after comparing a 21 EMA bullish trend, 30/50 RSI values, and MACD trends immediately before changing its convergence to overselling, considering moderate volume. These conditions were met seven times between 2016 and 2020, with an average of 15,57% increase in stock price within a span of 9 days on average. In the current...
ARRIBA EL CANAL "DANGER", ABAJO EL CANAL "COHETE". PARTICULARMENTE DADO EL CONTEXTO NACIONAL DE TERRIBLE EMISION Y DESCONTENTO SOCIAL IRA A BUSCAR EL CANAL "COHETE". ANALIZADO SEMANAL LOG. VAYAN PREPARANDO LAS RESERVAS PARA GATILLAR. LA COSA SE PONE LINDA. NYSE:SUPV
I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly...
--- Please if you find this informative don't forget to give a like. Thank you! --- Just redrawing old ideas from a year ago... Nothing to redraw in fact due it seems they are going to default sooner or later for 19th time in history. You can check for yourself in the related idea just a year ago how the country situation has not improved. This is just a...
Hello my friend! We have been waiting for the halving for a long time. As you can see, it looks like after halving, bitcoin will make a golden cross. Which is even more interesting, many countries printing the money, because of the crisis, but only 21 million of the bitcoin exist. There is a state bankruptcy in Argentina, if you see on localbitcoins the people...
Looking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold...
GGAL took a big hit to its stock price back in August after the Argentinian peso plunged and Argentina raised interest rates to 60%. Investors feared that would hurt GGAL's earnings, though I've seen no evidence that it has. Now the situation has stabilized, with the peso flat against the dollar for the last few months and interest rates gradually coming down....
Pampa Energia (an Argentinian electrical utility and petrochemical producer) is a tough company to gauge, because it's a foreign company and its earnings are unpredictable. It appears very inexpensive with a P/E under 1.5, but analysts expect losses for the next two quarters. Forward P/E is 4.5. The company has a merger in process with PEFM, to be completed in...
The reasons for the markets getting out of “hibernation” are an active news background interspersed with the news. Recall, it was launched by Trump's decision to impose tariffs on steel from Argentina and Brazil and at the same time accuse these countries of currency manipulation. What was perceived by us as an expansion of the trade war and a possible beginning...