Get started

Merval

A punto caramelo $MIRGEn el dia de Hoy $MIRG pego un gran salto con casi una suba del 7%. En el dia de hoy rompio y confirmo una ruptura de un canal descendiente de mdiano plazo. El unico problema que veo, es que tiene que volver a recuperar el canal ascendente que perdio. Asi que la veo muy pero muy linda, si mañana se confirma arriba de los $301/302. Mi recomendacion arriba de $301/302, si se confirma la ruptura, compro. Abajo de eso, vuelvo a esperar que confirme la suba. $MIRG A punto caramelo!
BCBA:MIRGLong
by martindvorkin
BMA: Holding longsThe trend is very strong in the monthly timeframe. Every single signal has worked, telling us before hand what the market would do, with actionable setups and extremely perfect accuracy. BMA is a good performer, with still a modest valuation, and expected to deliver in the coming months, specially if the government's infrastructure plans pan out favorably, since they are going to benefit from it, being the largest bank outside of Buenos Aires. You can read more about it here: xbma.org The daily chart offers a good low risk entry here, in case you missed it at lower levels. I'll add the ADR chart in the comments. Cheers, Ivan Labrie.
BCBA:BMALong
by IvanLabrie
Que complicado te veo $METR$METR Despues de tocar el maximo historico hace unos dias, le toco la hora de descomprimir tal vez para dentro de poco volver hacia arriba. Esta en un canal descendiente, esto no es nada bueno, pero tampoco es muy preocupante. Seguramente vaya hacia los 19.80 donde se ubica el 0.618 de Fibonacci, tal vez ahi tengamos la recuperacion y las ganas para ir hacia los maximos. Si no llega a suceder esto vamos a buscar los $17.71. Asi que, hay que seguirla de cerca, para ver como reacciona en estos dias. CAUTELA, por ahora!
BCBA:METRShort
by martindvorkin
1
CGPA2 Cuando va a dejar de Sangrar?$CGPA2 Esta en un momento complicado, despues de haber metido un rally realmente impresionante. Esta en un momento en el cual entro el balance y vino muy malo. La pregunta que todos se hacen es cuando dejara de sangrar? Bueno pareciera que hoy 9/3, toco el soporte que tenia de mediano plazo. El cual creo que puede romperlo con facilidad mañana o los proximos dias. Y de ahi iria a parar para el retroceso de Fibonacci de 0.50 y si no se conforma ira a buscar el 0.382 Lo bueno de estas baja es que esta descrompiendo el RSI, que esta super sobrecomprado. Asi que mi vision, no compro por ahora.
BCBA:CGPA2Short
by martindvorkin
Que paliza dejo hoy la vela de $PBREn el día de Hoy la vela de $PBR dejo una vela muy pero muy fea, con una baja del mas de 7%. El problema no es la vela que dejo hoy, sino es lo que vendrá. Por mi parte creo que el momento de compra puede ser dentro de los 9/9.10, que mañana puede de arranque ir para ese lado y después salir. Puede ser que por otro lado mañana se de una suba del 2 o 3%... pero si pasa eso siento que es un rebote de gato muerto. En síntesis, compra en la zona de 9/9.10, por ahora estaría liquido hasta que venga a esta zona.
NYSE:PBR
by martindvorkin
$PETR en largos buscando objetivos- Compré en 86.4 - Relación beneficio/riesgo la ubico en 2.3:1 - Objetivo: Buscamos los 1.27 de fibo pero cerramos mitad de la posición para asegurar en 50% del recorrido (cerca de 0.786 de extensión). - SL sobre los 61.8 (77.3) - Las salidas anteriores siempre cumplen con niveles de extensiones superiores a 1 (1.27 y 1.618) denota un papel con mucho impulso y momentum en las salidas. Si supera los 100 buscamos los 109. Asegurando en los 98.
PLong
by juan.andreani
2
Merval y sus soportes más probables después de la vela de hoy!Una EMA de 20 y un mínimo anterior que parecieran no poder aguantar la fuerza de la corrección del merval mañana. De ser así, las zonas de soportes mas probables donde debería rebotar el Merval son: 18.4-18.3k en primera instancia y si profundiza 17.5-17.4k. Como siempre decimos es fácil hablar con el diario del lunes muchachos, lo difícil es leer el gráfico día a día y encontrar escenarios mas probables para sacarles provecho!
BCBA:IMVShort
by IndependenciaFinanciera
MERV: Looks toppy hereIn one week, the Merval index will be in a weekly downtrend, as long as the close is below 15561. Rgmov had fired a short signal 4 weeks ago, and this rally is a good opportunity for Argentinian investors to either unload longs, or even go short the index. Good luck! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
INDEX:IARShort
by IvanLabrie
GGAL: Perfect short setup in the makingGGAL is offering a great short setup here. This is an ADR (American depositary receipt), that is, basically, a foreign stock that is traded in an american exchange. It's of special interest since I'm from Argentina. Fellow argentinians can take note of this setup and trade it in the local market as well. Upside risk is the same, despite the ADR being priced in dollars, so the stop loss is easy to calculate: use the recent highest high. Target is the bare minimum this stock should fall, and can possibly evolve into a larger move, since the Rgmov indicator is firmly planted in negative territory, without showing any new 44 bar high yet, after plotting a 44 bar low before. Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
NASDAQ:GGALShort
by IvanLabrie
1
USDARS: Target is 18.744We are at a very critical juncture in the market, and it's possible to see increased chances of a rally in oil and equities, and probably a dollar decline against emerging markets currencies, at least vs the yen, aussie and canadian. Argentina's monetary policy might make the selling pressure persist though, and we might see this target hit in little time. The consequences might be harsh, with price increases, and increased costs for employers, with improbable raises in the minimum wage, or at least not enough to accomodate basic expenses any middle class or lower family might have. That being said, I will update this chart if I change my view, for now, this is the setup on chart, and what makes sense with my country's fundamentals. Energy costs increase, despite falling crude, add to it rising crude, and it's even worse, so let's see how it pans out. This was a very rough adjustment, after years of holding a ceiling artificially, which did have its costs too. Good luck, fellow Argentinians. Ivan Labrie.
Long
by IvanLabrie
Merval: Projected pathwayThis is my current forecast for the Merval index. I'm looking at a new leg down, to retest the Vix spike retracement support level cluster below. I propose a wide stop long off the level below, but we could also take a short term short as depicted on chart and unwind and flip long. You can check my previous forecast in the related ideas below. I'm republishing with the original projection so you can see how it fared. Not bad, huh? Cheers, Ivan Labrie.
INDEX:IARLong
by IvanLabrie
ARSUSD: Long pesos, yes...long.Here I am with a little contrarian idea. There's a nice 15% spread to be filled when comparing the Argentine peso to the other South American economies. The stock market also took a nose dive and is poised to retrace, since it's possible that live cattle and soybeans will head up from this point (and the Merval has a healthy correlation with those two among other agriculturals, for obvious reasons). That being said, to my fellow countrymen, this is a nice low risk trade, upside is 15%, downside is merely 2%. Sell dollar for 13, buy back at 10-11, give or take, and or invest in other assets once we reach that target. Good luck, Ivan Labrie.
Long
by IvanLabrie
2
Merval: Argentina is in for a Santa Rally as well?In my previous analysis I was under the assumption that global equities were about to take a major turn south, but it got invalidated when the downtrend signal mode was breached, after a very slow trading range formed, where we saw accumulation take place. There's still potential doom and gloom ahead, but first the Merval has to move higher to test the 3 main resistance zones on chart. We have the Presidential Elections today, and this will be fuel for the fire that this rally needs. Once the results are out, I'm sure that we will see a major move take place. The direction is on chart, the first signal that I get is a daily one aiming for a rally lasting until October 31st. I cloned the range target and extended it up, as well as adding the extreme profile balance point target, which is the highest realistic target one can aim for under my methodology. It's interesting how connected the world economy is, globalization is a real thing, and it's fascinating how each market needs its own fundamental trigger, yet they all move in unison, despite having their own 'motivations' for it. If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email. I'm also providing access to a live trading chatroom. All of these are free of charge for concordbay.com customers. Contact me via skype or pm for more details. Cheers, Ivan Labrie Time at Mode FX Analyst at Concord Bay dot com
INDEX:IARLong
by IvanLabrie
2
Merval index: Bearish time at mode trend signal and fundamentalsIn this thread I'd like to discuss my current forecast for Argentina's Merval index. Price expanded range down and crossed below the yearly average last week, after the Government was forced to make speculators use the official dollar rate to valuate their assets in the local market, beause of the decline of foreign reserve currency. Instantly many big speculators started selling and made the index crash 3 days ago. This also impacted the unofficial exchange rate of the 'contado con liqui' dollar, which is a way to obtain dollars by buying stocks or bonds and selling them in foreign exchanges. With the strict government controls on foreign currency, there's a huge market revolving around this, which fuels the 'dollar blue' rates, which is a black market cash dollar you can buy without abiding by the government's limits and regulations. The official rate is 70% lower than this last one. Some key dates to keep in mind, from: bakerinstitute.org "October 25 – Federal Election Day and Local Elections in 11 Provinces On October 25 Argentina will hold its presidential election as well as elections in eight provinces to elect a total of 24 senators (one-third of the Senate) and elections in all 23 provinces and the city of Buenos Aires to elect 130 deputies (one-half of the Chamber of Deputies). Simultaneous gubernatorial, provincial legislative and mayoral/city council elections will be held in 11 of the country’s 23 provinces, including the province of Buenos Aires, which contains 39 percent of the Argentine population. November 22 – Presidential Runoff Election If on October 25 the first-place candidate does not win either more than 45 percent of the valid vote or at least 40 percent of the valid vote and at the same time finish more than 10 percent ahead of the second-place candidate, a runoff election between the top two candidates from the first round will be held on November 22. The candidate who receives the most votes on this date will be elected president for a four-year term and assume office on December 10." I expect to see massive volatility in my local currency, the stock and bond markets in the coming months. Sadly it's not looking good at all. On a technical basis, forecasting will be relatively easier once we clear the recent weekly low or high. If price remains inside this range, then we might witness sideways action until the elections are out of the way (this is what I expect). Regards, Ivan.
INDEX:IARShort
by IvanLabrie
4