In our last post we recommended to buy $BMA, now the share is very near of USD 70. It's a good opportunity to buy this stock. Now the stock is trading between USD 70 and 73.
My local currency is in terrible shape, and has confirmed a daily uptrend as per the RgMov signal on chart. You can see the key levels associated to speeches by the Argentinian president Mauricio Macri, and how price action has moved between these levels so far. I anticipate a breakout of this level above, and a continued rally in this currency pair. If you took...
If YPF cross the blue line and the 200 moving average line, I will recommend to buy and hold until USD 20. (You could sell in USD 19)
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...
GGAL is offering a great short setup here. This is an ADR (American depositary receipt), that is, basically, a foreign stock that is traded in an american exchange. It's of special interest since I'm from Argentina. Fellow argentinians can take note of this setup and trade it in the local market as well. Upside risk is the same, despite the ADR being priced in...
Argentina could be part of the MSCI Emerging Markets Index in 2017 as announce yesterday the MSCI. So this news could be the driver that need the ADR to broke the top
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 .
This is my current forecast for the Merval index. I'm looking at a new leg down, to retest the Vix spike retracement support level cluster below. I propose a wide stop long off the level below, but we could also take a short term short as depicted on chart and unwind and flip long. You can check my previous forecast in the related ideas below. I'm republishing...
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...
In this thread I'd like to discuss my current forecast for Argentina's Merval index. Price expanded range down and crossed below the yearly average last week, after the Government was forced to make speculators use the official dollar rate to valuate their assets in the local market, beause of the decline of foreign reserve currency. Instantly many big speculators...
Two scenarios: Fifth wave has already developed, it failed to reach its target of 12.41 and is now going to retrace the whole movement (first target 5 usd area).. or the fifth way hasnt developed yet and we are just seeing wave 4 in progress, and wave 5 will hit its target at 12,50 & 13,79 for a last bang. For now, wave 4 holds 38% perfect retracement, so now its...