The 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/forum/categ...y/regions/argentina/
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.
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.
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Ready to move up...
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Amazing move!!!!
Added on this nice discount in USD terms...We have one more month of rallying after the end of August accoring to long term charts. During September, I would look into reducing exposure to $BMA perhaps or at least trail stops.
Added on this nice discount in USD terms...We have one more month of rallying after the end of August accoring to long term charts. During September, I would look into reducing exposure to $BMA perhaps or at least trail stops.
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I'm out, it even exceeded my target by a bit.
