Too much negativity has been spread in Argentinian equities, so imho a contrarian trade is worth here with a very attractive Risk/Reward Ratio.
An intraday high potential, Back Tested Long Analysis. We ll try to find an entry price within the expected pull back zone 36.04 - 37.45 as previously being back tested. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study,...
De quebrar los 55, siguiente soporte fuerte en 50.
Start position around 64 in $PAM (or lower better). Wait max 45 days. Control the SL.
Pronostico una continuacion a la baja ya vista, luego posible recuperacion.
Uptrend trend line support, buy opportunity for bullish continuation.
Latin Am. utility. Coiling up for next leg higher. Big growth numbers, eps estimates being raised. Zacks Rank 1 stock.
- Significant upper shadow - 5ema not piercing through body of break-out bar - Bearish market + Broke-out under extremely high volume + Bullish Trend Intensity
It's always optimal when whatever it is that we're interested in trading to be setting up on multiple time frames. Here, PAM is setting in in a 4wks tight pattern on the weekly chart, and in an ascending triangle on the daily chart. A quick look at the volume bars shows us that PAM is presently being accumulated. This is further confirmed when we dig deeper...
EMA200 has proved to be an excellent support for the last 2 years.