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TXAR - Rebound within flat bottom wedgeToday Ternium Argentina (TXAR) began its way up towards its next resistance within its wedge, located around ARS 35. It can be noticed a substantial difference between selling and buying volume, being the former the most significant. Stoch RSI is 5/10, MACD is still depicting a downwards trend, and Momentum has reached its lowest level since COVID-19 market meltdown in mid-March. Strategy: Do not buy this stock, and if you already own it, sell it when reaching a price between ARS 35 and ARS 36.
BCBA:TXARLong
by lbrina
BMA: Aiming towawrds its next short-term resistanceThe chart analyses the current trend of BMA (Banco Macro SA), taking into account MACD, Stoch RSI, and Momentum. The stock is thriving to reach to its next price milestone around ARS 256. As noticed by the green circles, the stock tried to set a new baseline on this value: May 12, March 05, and December 19 of 2019, and today July 13. However, indicators show more potential this time, as volume is increasing steadily, RSI though high has not yet reached 100/100; MACD has not yet reached 3.560, as it is currently at 2.600; and Momentum is almost at its resistance of 18.200. I'd suggest waiting until prices get to about ARS 255, and re-evaluate the situation: mind that prices right now are highly volatile and related to the news about sovereign debt.
BCBA:BMA
by lbrina
News is a price booster for sure, but for how long?Here’s a Thought! 13 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital Disney World parks in Orlando, Florida are open again nearly four months after shutting down due to the coronavirus pandemic. Walt Disney World’s Magic Kingdom and Animal Kingdom reopened Saturday, while Epcot and Disney’s Hollywood Studios will reopen on July 15. Will it help the Disney stock to finally take off? Evidently, this news is a price booster for sure, but for how long? The Florida state reported almost 11,500 new COVID-19 cases on Friday and 15,000 on Sunday, its biggest daily increase. On Friday Florida's health department reported 435 more hospitalizations — the state's largest single-day increase.
BCBA:DISN
by VladimirRojankovski
1
AR:PATA - Signs of breaking current bearish trendImportadora y Exportadora Patagonia (PATA) shows signs of starting its way up. RSI, MACD and Momentum are increasing at a moderate rhythm, but most importantly prices are about to escape from the downward channel that began after May 04 (ARS 43,00). The current RSI, MACD, and Momentum values depict an interesting point of There are some resistances to consider: In regards of pricing, the first resistance is around ARS 36,50, confirmed with five contacts. If surpassed, ARS 38,00 should be considered. MACD +0,40 and Momentum +2,80 should also be considered as a sell signal.
BCBA:PATA
by lbrina
AR:CVH Reaching maximum within rectangular channelThe chart analyses an imminent bearish trend for Cablevision Holding (AR:CVH) stock, as prices are near the top of its rectangular, parallel channel. As can be seen in the chart, after an interesting bearish trend, the stock got into a rectangular channel, peaking un ARS 478 on June 08. In that occasion, RSI reached 85/85, MACD reached +5.30, and Momentum reached +61,00, with MACD curves depicting a bullish trend four days after crossing each other. Current stats show RSI 98/94, MACD +5.60, and Momentum reaching +90,00. Considering this, and noticing that prices are near its resistance line, I believe that it is almost the time to sell, and by no means to buy.
BCBA:CVH
by lbrina
AR:BMA Strategy for July 07 and July 08The chart analyses short-term pricing after comparing a 21 EMA bullish trend, 30/50 RSI values, and MACD trends immediately before changing its convergence to overselling, considering moderate volume. These conditions were met seven times between 2016 and 2020, with an average of 15,57% increase in stock price within a span of 9 days on average. In the current case, the starting point is set on 30 June ($198) and ending July 8, before Argentina's Independence Day (July 9 and 10 are free days). I'd suggest selling immediately after the market opens on July 07 (and rebuying when price reaches around $228 on July 08). The current price ($238) could be a consider a resistance, as prices have dropped from there two times before (see orange circles).
BCBA:BMAShort
by lbrina
AR:BMA false start before next bullish trendThe chart analyses short-term pricing after comparing a neutral/negative 200 EMA trend, 10/20 RSI values, and MACD trends immediately before changing its convergence to overselling, considering very low volumes. There were two times before in which these conditions were met: from March 08 to March 15 2019, and November 19 to November 27 of 2019. In both cases, in a span of 8 days from the lowest RSI to around RSI 80, the prices went up 10,60%, displaying moderate volatility. The point is maneuvering buy/sell before this 8-day cycle ends, and to be sure of having re-bought the stocks before the actual bullish trend begins in the 8th day. The price limit should be determined by EMA 200 and various contacts around $218. I'd suggest buying when market opens, sell when reaching these price, and buy again when prices decreasing to $207 (-5%, same as precedents show.) Considering this precedents, then that this week is a short one in Argentina (07-09 and 07-10 are free days), and that negotiations with creditors are restarting again, this prices will be reached July 07; I don't think investors would like to keep the stocks considering that between 07-08 and 07-13 can happen a lot of things Argentinian debt.
BCBA:BMAShort
by lbrina