I expect BFR to fall to 8.08 by early December taking into account Argentina macroeconomic as well as FX situation and volatility in EM. Before October 2019 it should go to 5.70 +/- zone
I expect PAM to fall to 12 by early December taking into account Argentina macroeconomic as well as FX situation and volatility in EM.
I expect BMA to fall to 12 by early December taking into account Argentina macroeconomic as well as FX situation and volatility in EM. A tgt between 20/25 by Early december.
GGAL should fall that low taking into account the macro economics imbalances of Argentina and the ramping inflation,not to mention the trade war between US and China that is pressuring on EM.
PBR according to the patterns is a short in the short run and a long y the long run
Let's play with this scenario where Argentina will correct until 10-20 May and the start going long since the economic data will signal the end of the recession and the new turnaround of the economy
USOIL has the following scenarios according to patterns
short AAPL unitl the end of the channel (circa 135) and then long up to the top of the channel ad beyond!
ARS should go up against its peers only due to electionary effect (till October). Why? due to a tight monetary policy which Sandleris is taking into effect. Bear in mind that he enter office in late Septmber 2018 and Just look at the effects to Monetarist theory applied to excess of monetary base produces by Keynesian economic thought. Scenario of ARS above 55 and...
Looks like the Brl will pullback in order to take further impulse to the upside
Scenario 1: Scenario 1 would be S-H-S tacking into account the real movement which will probably go to 3.90/3.95 y n short run and if there's no agreement between US-China it will hav further pressure and will go to circa 4.20 again in order to complete a new S-H-S in the long cycle. After that will follow a commodities super cycle. Scenario 2: Scenario 2 will...