Argentina has made some of the hardest fiscal decisions of any country I can remember in my lifetime and with this has come growth and new investment.
We could see a strong bottoming signal from a bit ago of the Lin Reg + RSI indicator with all values below 50 and RSI below 30. Confirmed in the Williams indicator with green bars and falling Relative Volume.
I...
Hi, today we are going to talk about AGRT
We observe a D1, some important points. The details are highlighted above.
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It seems Argentinian stocks have bottomed here for now, after basing for 5 weeks, daily charts show some strength but there's risk going forward after the elections by October 27th. If the next president manages to surprise investors positively, the situation here might improve, and inflation drop down if the dollar is kept in check, and investments start flowing...
I just want to inform my followers of what happened to Argentina's stock market. The return to the Dec 2018 lows did not happen over months. It did not happen over weeks. It did not happen over days. The crux of it happened in a matter of overnight *hours* where the majority could do *nothing*.
Now, I'm not sure if the US markets have a safety night to...
Let's play with this scenario where Argentina will correct until 10-20 May and the start going long since the economic data will signal the end of the recession and the new turnaround of the economy
Macri's counter offensive move, in response to Cristina Kirchner's presidential formula strategy was a brilliant one, picking Pichetto as his Vice-President for the upcoming October elections. Pichetto is a man from the Peronist party, but who is not afraid of bipartisan politics in Congress, and who wants to work for the President in Congress, and not force...
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.
I just don't understand why this and other emerging markets are getting new life this week. The IMF is and central banks are buying the peso to prevent its free fall. However, the Country's GDP just SHRANK 4%. Some banks are telling folks to by emerging markets now, which doesn't make sense as any price rise is due to central banks buying currency and not due...
I'm long $ARGT indirectly, recently added to all my shares in the local market (yesterday on close to be precise). I anticipate a massive rally from here onwards. People have been pannicking lately, this increased to monstrous levels with the upcoming parliamentary elections, and now the talk of thermonuclear war. Recently I read an anecdote from Mike Epstein, at...
ARGT has a very strong signal here, compelling uptrend continuation. I'd reccomend getting long here and adding on dips after today's close, risking $1 down.
Very nice potential upside, a good addition to your portfolio.
Good luck,
Ivan Labrie.
