RATIO TXAR USD VS. MERVAL USDFrom the graph it is interpreted that the relative price of TXAR is at its lowest compared to the Merval shares as a whole.
Which would suggest to us that it is behind schedule, this is just a ratio looking at other indicators, the stock still has a lot to go down, compared for example vs. The inflation of the last 5 years is much higher.
TXARD trade ideas
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.