El merval tuvo una linda suba hoy y las velas de varios ADRs argentinos son esperanzadoras pero, por el momento, parece que tocamos una resistencia dinámica y puede volver la baja. (coincidiendo con mis análisis de estos días de SP500)
Indice Merval parece reaccionar cuando traspasa los lados de las cajas, y tiende a pasar por las esquinas. De mantenerse este comportamiento debería estar en 23.154 o 21.296 puntos para el 12 de mayo.
Maybe we are having a double top in front of us.
The principal argentinian index has lost his previus bullish trend and now is showing a little weakness.
This index is not the most diversified one right now, having an important concentration of companies related to generation/distrubution of energy which are starting to go down.
There is a chance to take...
Vista de gráfico en velas diarias formando patron chartista de diamante que luego ejecuto una baja del 45% a partir del día 10 de febrero. Es entendible que todos los indicadores dan a la baja.
El conteo del índice merval revierte dificultad porque el mercado alcista de la bolsa argentina empezó en 1985, cuando el índice merval fue creado enn 1986, empalmando índices o teniendo en cuenta el previo indice general que se calcula distinto al merval, el bear market del 2018 puede contarse como 5 ondas de C de un plano o como doble zig-zag en ambas...
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The trendline I drew begins on march 2020 and is not a proper one in my opinion,...
Ni las buenas noticias de la renegociación de la deuda parecen hacer reaccionar al título más importante del mercado argentino. A punto de perder el canal alcista que empezó a construir luego de la caída por la pandemia del COVID-19. Es importante que defina soporte en la zona de 9.74, aunque el aftermarket del 11/9 la ubicaban ya en 9.72. De no mostrar reacción...
After a 50% correction is Aug/Sept of last year, a V-shaped recovery has led to the Argentina stock index to recoup almost all of its losses. Merval has remained above 38000 since December '19.
noteable: 14 period RSI on the 4hr chart reached oversold on 2/13
The ILF ETF is developing an interesting consolidation structure that suggests more declines on the Latin American Stocks market. Merval should follow the same bearish direction.
No matter what the odds for the Merval Index might be, in approximately a couple of days we should see some drastic movements. Taking into account the momentum, it is likely that it will go up. At least, this is what we are all waiting and hoping for. Fingers crossed!!
- RSI falling below 70 after descending peaks
-MACD crossing
-MERVAL correcting due to large overbuy
-take signal at crossing with EMA20
-targets using fibo after EMA20 break
$TGNO4 Le toco la hora como a muchas acciones del Merval, que tiene que descomprimir. Un objetivo de muy corto plazo son los 20.20 que se encuentra el retroceso de Fibonacci 0.786, pero yo no creo que pare ahi. Ya que tiene que descomprimir los indicadores que estan MUY sobrecomprados.
Segundo objetivo: 18.50/19.00
Veremos que hace. Por ahora no me gusta nada
In one week, the Merval index will be in a weekly downtrend, as long as the close is below 15561. Rgmov had fired a short signal 4 weeks ago, and this rally is a good opportunity for Argentinian investors to either unload longs, or even go short the index.
Good luck!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this...
The big fall after the presidential elections , Merval is testing 9.300. Channel with a Bullish trend looking for a new max. Argentina's economy is trying to grow up with international capitals, with many free market deals. The expectation for the econmy are so bullish because Argentina won big a victory to end 15 years in default .
Here I am with a little contrarian idea.
There's a nice 15% spread to be filled when comparing the Argentine peso to the other South American economies.
The stock market also took a nose dive and is poised to retrace, since it's possible that live cattle and soybeans will head up from this point (and the Merval has a healthy correlation with those two among other...
