NYSE:BFR   BBVA BANCO FRANCES S.A. COMMON STOCK
BR             should fall to at least the indicated level
Comment: Argentina's has to pass some bills in order to strengthen its new economic path. One of those laws is a new capital market law and another one is new increments in utilites bills (suchas light, water, etc). Since passing those laws are important in order to enter at the MSCI Emerging Markets Index for Argentina its ADR's should keep on falling until those bills get pass over. The objective has been reach yet there is further space to pull from the string.
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