SHORT IDEA: Indice Merval - Argentina $MERVAL #MERVAL
Maybe we are having a double top in front of us.
The principal argentinian index has lost his previus bullish trend and now is showing a little weakness.
This index is not the most diversified one right now, having an important concentration of companies related to generation/distrubution of energy which are starting to go down.
There is a chance to take advantage of this situation, going into a short position of this index at @22050 points looking for covering it at @20500. (a -7,5% sinking)
The principal argentinian index has lost his previus bullish trend and now is showing a little weakness.
This index is not the most diversified one right now, having an important concentration of companies related to generation/distrubution of energy which are starting to go down.
There is a chance to take advantage of this situation, going into a short position of this index at @22050 points looking for covering it at @20500. (a -7,5% sinking)
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