The relationship between MERVAL and US Treasuries spreadThe relationship between MERVAL and US Treasuries spread.
Merval
MERVAL The Tango is very close to changing its melodyMERVAL is struggling and the Tango is very close to changing its melody. Argentina faces complicated winds actually, a feared recession that would complicate Macri's plans and his country. I wish to be wrong, but it could be good for foreign investors to play with and buy around 22,000.
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MERVAL Argentina measured against USDARS exchange rateMERVAL Argentina measured against US Dollar - ARS exchange rate.
USDARS exchange rate is calculated as the ratio of the PBR ADR vs the APBR Equity traded on Buenos Aires exchange
Long Term MERVAL expressed in BMA USD compared to USD ARSAnalize the behavior of MERVAL in USD, using as a reference the BMA ADR against BMA equity traded on Buenos Aires Floor to account for different dolar values in period 2012-2015.
Dollar measured MERVAL, alongside official USDARS and CCL DollarDollar measured MERVAL, alongside official USDARS and CCL Dollar - UnTalRaul
$AUSO Semanal - Por ahora con divergencia de fin de movimiento Por ahora con divergencia de fin de movimiento. Podría ir a buscar nuevo máximo pero la estructura de este último movimiento alcista no es la mejor.
$APBR $PBR consolidando. 14.75-15 a superarResistencia en 14,75-15 a superar para continuación alcista
AGRO - Posible rebote antes de continuar correcciónProbable rebote a 17,75-18,20 antes de ir a testear mínimo anterior
Time to finally see some action!No matter what the odds for the Merval Index might be, in approximately a couple of days we should see some drastic movements. Taking into account the momentum, it is likely that it will go up. At least, this is what we are all waiting and hoping for. Fingers crossed!!
Merval for foreign investors: Interesting risk/rewardI would like to point out the positive risk/reward the Argentinian stock market presents currently. I will keep adding to my savings in the local market when viable. I would say it looks quite good, even for foreign investors. I had been expecting the government to make progress with their infrastructure plan, and it seems like we will being seeing some movement in that regard, which should give immediate upside to banks and a few other stocks. I would reccomend getting involved with the likes of BCBA:$BMA, BCBA:$FRAN, BCBA:$GGAL, BCBA:$CRES, BCBA:$IRSA, among other names like BCBA:$AUSO, BCBA:$CTIO, to name a few.
Best of luck,
Ivan Labrie.
BMA - MacroBanco Macro en búsqueda de los $220 luego de recuperar la caída producida por la posible vinculación con el dueno del banco. rompiendo al alza la barrera de los 200$ habilita ir a buscar la resistencia en los $220 donde existe resistencia importante.
MACD semanal en senal de venta. (nunca considerar como recomendación de compra/venta de activos)
Seguinos en Twitter y YouTube para más análisis.
GGAL - Galicia Galicia abre la semana con Gap debido al que el día viernes no tuvimos bolsa en Argentina pero el ADR de Galicia tuvo un buen salto en la cotización que fue compensado en el día de hoy.
Va en busca de los $115. Posible objetivo que surge de la resistencia por desdoblamiento de canal alcista de largo plazo. Veremos qué dice el mercado. (nunca considerar como recomendación de compra/venta de activos)
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Seguinos en YouTube o Twitter para más análisis:
YouTube: www.youtube.com
Twitter: twitter.com
MERVAL Is a Head And Shoulders Pattern coming?If the market does not recover in the next few days, the figure could be refined.
TRAN - Transener rompiendo techo de canalTransener pudo romper al alza el techo del canal de largo plazo por lo que habilitaría el objetivo del techo del desdoblamiento de canal en la zona de los $48,8. Sería bueno ver un aumento en el volumen negociado para despejar las dudas. MACD en velas semanales apoyando la hipótesis alcista. Importante no perder el soporte en los $44. Veremos qué dice el mercado.
(no considerar como recomendación de compra/venta de activos)
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Seguinos en el canal de YouTube para más análisis: www.youtube.com
MIRG - MirgorMirgor no pudo nuevamente contra la resistencia en los $520. Necesitamos ver ruptura con alto volumen negociado para ir a buscar nuevo target en techo de canal (zona de los $680). Soporte inmediato $470. MACD en velas semanales apoyando hipótesis alcista. Veremos qué dice el mercado.
(nunca considerar como recomendación de compra/venta de activos)
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Seguinos en el canal de YouTube para más análisis: www.youtube.com
ARGT: Great long entryI'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 Tom McClellan's twitter feed. The key point, was that, the market will probably bounce if nuclear war doesn't start...and if it does, who cares if we lose on this trade, right? :/
Here's a link to the tweet, I suck at narrating stuff: twitter.com
Anyway, Argentina is in a very strong uptrend, and the recent pullback is a terrific uptrend for the very significant growth potential it has, discounting political risk and currency risk, if the government eventually delivers. I'm betting they won't disappoint investors.
Best of luck to all of us...
Ivan Labrie.
Posible comportamiento del MerVal para los próximos 4 meses.Ante las próximas elecciones es posible que veamos caidas fuertes y rapidas, que nos lleven a un Merval de 16.000 Puntos, teniendo su primera parada en los 18.500.
SHORT IDEA: Indice Merval - Argentina $MERVAL #MERVALMaybe 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)
TS.BA - Down trend reversal - Inverted Head and ShouldersGood looking reversal of BCBA:TS bouncing at the low .786 of the Fibo. Nice volume accompanying a head and shoulders figure.
$MERV Julio 04 +0,8% Volumen 273Mo mejor $TRAN +3,94% $TGNO +3,61% $ALUA +3,24% Lo peor $BMA -1,17% $TECO -1,08% $JMIN -0,93%
$ERAR salida alcista?Posible salida alcista de ERAR por reconocimiento de soporte en el 61.83% de Fibo + indicador Momentum en Sobreventa. TARGET corto $11 largo $11.95
