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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