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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