Long term support plus breaking resistance out of a massive descending wedge (new weaker resistance formed orange line; breaking that will be a good thing)
you can see that there is strongly obvious breakout of trendline in a very big timeframe. hence, holding at the beginning of breakout give us advantage. use small portion of portfolio with well calculated risk.
NASDAQ:GGAL long base breakout! Has been tracking this bank, an Argentinian bank! Right but the EPS is up +79% Sales surprise and EPS surprise up last reporting it seems. Trade cautiously.😁
I've been watching Buenos Aires based bank stock BBAR for a while now, ever since I noticed that it was the Argentinian ADR with the closest correlation to the Merval. I noticed it coiling up for some event that I wasn't paying too much attention to (the World Cup-- please, don't judge, I'm an American) and ever since Messi scored those goals Argentinian stocks...
GGAL SHORT
GGAL seems to be going downtrend and Analysis and Technical indicates Short.
Let's see, the targets are set for short term. We consider to short, go PUT buyer that time.
See you the other side
Kind Regards
After a very profitable breakout is now trending down. The pullback to the EMA200 is acting as a down-trending confirmation. I think this move will end in the 7 US area which is a very important range.
I will take the trade if the price close below the orange trendline. The SL will be above the fridays highest price.
We have seen wave 1,2,3 and 4. Now I am expecting wave 5. Looks like wave 4 is completing and we may possibly start to see the beginning of wave 5. The price action now proves it. Thank you for always supporting the ideas I post here. Don't forget to click the like if you do and share this with all your friends. Trade with profits.
#TigrePartners
Varias señales fuertes:
- RSI por debajo de la linea de 30, que indica sobrevendido., cruzandola hacia arriba volviendo a la media (amarillo)
- ADX confirmando una muy fuerte tendencia (azul)
- DMI define la tendencia: tendencia roja bajista volviendo a la media, tendencia alcista ni arranco (lo agarrariamos re temprano)
- Precio en 7.06,...
Ni las buenas noticias de la renegociación de la deuda parecen hacer reaccionar al título más importante del mercado argentino. A punto de perder el canal alcista que empezó a construir luego de la caída por la pandemia del COVID-19. Es importante que defina soporte en la zona de 9.74, aunque el aftermarket del 11/9 la ubicaban ya en 9.72. De no mostrar reacción...
