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...
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...
In my previous analysis I was under the assumption that global equities were about to take a major turn south, but it got invalidated when the downtrend signal mode was breached, after a very slow trading range formed, where we saw accumulation take place. There's still potential doom and gloom ahead, but first the Merval has to move higher to test the 3 main...
Una EMA de 20 y un mínimo anterior que parecieran no poder aguantar la fuerza de la corrección del merval mañana. De ser así, las zonas de soportes mas probables donde debería rebotar el Merval son: 18.4-18.3k en primera instancia y si profundiza 17.5-17.4k. Como siempre decimos es fácil hablar con el diario del lunes muchachos, lo difícil es leer el gráfico día...
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
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...
The S&P Merval index plunges over 30% losing the 40,000 pts.
El merval en dólares de largo, rebote o cambio de tendencia, creo que es más bien rebote niveles claves primera parte
Ante las próximas elecciones es posible que veamos caidas fuertes y rapidas, que nos lleven a un Merval de 16.000 Puntos, teniendo su primera parada en los 18.500.
I would like to point out the positive risk/reward the Argentinian stock market presents currently. I will keep adding to my savings in the local market when viable. I would say it looks quite good, even for foreign investors. I had been expecting the government to make progress with their infrastructure plan, and it seems like we will being seeing some movement...
The relationship between MERVAL and US Treasuries spread.
Analize the behavior of MERVAL in USD, using as a reference the BMA ADR against BMA equity traded on Buenos Aires Floor to account for different dolar values in period 2012-2015.
Dollar measured MERVAL, alongside official USDARS and CCL Dollar - UnTalRaul
MERVAL going down to 22228.21 - 18140.44 ??!!!