lbrina

TXAR - Rebound within flat bottom wedge

Long
BCBA:TXAR   TERNIUM ARGENTINA
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 meltdown in mid-March.

Strategy: Do not buy this stock, and if you already own it, sell it when reaching a price between ARS 35 and ARS 36.