LATAM is coiling - potential multi-year moveJust an odd observation that LATAM is robustly holding up, and appears to be coiling for a triangle breakout.
NOT ready yet, but ahead of the curve, and technically appears to have some potential. Alert levels set... keep an eye on this.
Anyone knows why LATAM might be forming up??
Do share your views pls...
Latam
#LTMAQ #LATAM Airlines is ready to FlyI believe that LATAM Airlines is a great buy here. It has been showing some upward momentum lately and is poised to make gains as the entire Airline industry recovers. If you want to buy value this is it! My first target is roughly $8.00
LTMAQ BUY (LATAM AIRLINES GROUP S.A.)Hi there. Price is forming a reversal pattern to change its direction. Also is close to 0 value which is a very good sign.
Watch strong price action at the current levels for buy.
ANALISIS MATERIAS PRIMAS, CRUDO Y LATAMLa correlación entre el índice de materias primas CRB y latam es muy cercana al 100 %, las materias primas desde 2008 han caída 80 por ciento de su valor con deflación igual que ILF etf de latam, son los productos baratos, si la inyección de liquidez de la fed produce más inflación en bolsas, e inflación en materias primas los commodities y latam están baratos, si primero hay deflación en wall street le falta una ultima caída a latam y materias primas para luego alinearse con inflación hacia 2021-2022
ridethepig | BRLMXN 2020 Macro MapA timely update to my Latam charts as we approach year-end. The bullish BRL theme I have maintained all year long is starting to attract a lot of interest with the idiosyncratic pension reform. Macro data in Brazil is showing signs of finding a floor and BCB have confirmed the end of the easing cycle:
Those with more conservative hands looking to ride this for the long term can comfortably lean on BRL with carry exposure now capped. MXN is showing no signs of improvement and remains as uncertain as ever, whenever I talk to clients on the topic they speak of concerns around Mexico risk and the dovish Banxico weighing on the MXN carry.
If you ask me we are going to see a major flop in policy from Banxico and with Brazil set to recover on all fronts it remains a strategic long in all my LATAM portfolios. This is not a quick 50-100 pip trade where we are shooting blanks hoping one lands, rather this is trading a major macro flow with +11% upside.
Highly recommend all to find a way to find a way to benefit from these flows, the only downside is coming from growth momentum in Brazil fading (unlikely) and overshoots in Mexico (also highly unlikely).
Good luck those on the buy side.
BUY GBIO33 on possible long-term bottom formationBUY GBIO33 on possible long-term bottom formation. Added stop and goal target for swing trading, but could also be good buy opportunity for long term buy and hold position building. MACD and OBV not great, but good, indicating possible bottom. Fundamentals improving.