Price reached the MA200 and downside trendline and couldn't get through them. Fibonacci .618 of the previous movement is already in. Moreover, Argentina uses this company as a way to hold inflation. So, profits are limited. Clear sell for me.
4H CHART EXPLANATION - As in our Weekly / Daily Vision, price bounced from the Confluence Level and broke the Ascending Channel. - It has potential to move down towards the 17,94 Support Zone. - However, theres a Bullish Divergence wich could be anticipating a Pullback to the Broken Ascending Channel. We will be waiting for a resolution before looking for sell...
pues estaremos atentos, esta es la configuracion mas probable, dificilmente rompa 18USD y solape con la 1
Atentos
Inflation coming up again from beginning of this year... what will happen next?
Análisis del índice EEM (Emergentes) y EWZ (Brasil).
As everyone has been saying, $USDARS will likely get close to the $50 mark, a 2W timeframe Time@Mode signal kicked off, and it's already active for 2 bars, out of 10 that are forecasted as part of the uptrend. This rally has 3 possible targets which are laid out on chart, valid for as long as the time lasts, or as long as $USDARS trades above the 37 mark. I...
Triangulo ascendente en diario. En 4h con ayuda de la noticia llego más rápido de lo que se esperaba a esa zona de trendline, trazando retroceso de fibonacci del punto mas alto bajista, veo que la zona del 61.8% coincide con ese soporte marcado por lo cual esperaría a que llegue a la linea y trendline diaria la cual por el momento no ha sido testeada desde el 3 de...
New highs in 6 months. RSI seems overbought, but the price ended above the MA200. I would sell calls.
Bullish pin (hammer) on support Confluence with 61.8% Fibonacci retracement level RSI Bullish Divergence
I'm just documenting this call here. I think the Argentinian stock market bottomed here, together with oil and US interest rates peaking for now. Cheers, Ivan Labrie.
After breakout I guess prices will be move around 29.
Argentinian Banks have been suffering. However, we have seen HUGE hands buying in the 43-46 price range.
TEO breaks out of deep falling wedge from half its value earlier in year. * Paid a 17.45% dividend last year and known for double digit dividends * Telecom 5G play for new subscribers in 2019, or watch until 2019 entry at higher price, likely near $30. * Growing mid-cap telecom, cable, cellular provider * Fell out of favor on negative earnings miss building...
MERVAL is struggling and the Tango is very close to changing its melody. Argentina faces complicated winds actually, a feared recession that would complicate Macri's plans and his country. I wish to be wrong, but it could be good for foreign investors to play with and buy around 22,000. Sidenote: "Top-notch entries are exclusive to members of Cream Live...
The target here is big, but it could go even higher depending on how it acts. I'd reccomend to divest positions in local equities and bonds, and get exposure to US equities and the dollar, or pairs like the dollar/yen. After this next top, we could see a bigger correction in the dollar accross the board though, so I want to be ready to capture the reversal, in...
$USDARS should retrace from here, or at least stop rallying like crazy every week... This will bring some relief in local equities, I've been entering some positions the last two days, in my local savings account. For my fellow Argentinians: I'd reccomend to look into selling $USD if you own any as cash savings, and investing in either p2p lending, equities, or...
MERVAL Argentina measured against US Dollar - ARS exchange rate. USDARS exchange rate is calculated as the ratio of the PBR ADR vs the APBR Equity traded on Buenos Aires exchange