GGAL
📈 Galicia shares experienced a significant 22% rise, reaching a key resistance area.
✋ The stock’s upward momentum stalled at resistance, suggesting a pause or potential pullback is likely.
⏳ Market participants shouldn’t expect an immediate, explosive rally simply due to the removal of currency controls (‘cepo’), as external factors also play a role.
@marcosemmimfp:
“Galicia, I think, was also in the same situation… yes, but don’t think this is going to rise like this… Look, this rose to the resistance area, 22%. No, it’s going to keep rising more because of the ‘cepo’ and the juice… Yes, calm down, calm down. I mean, there weren’t many people with high expectations of ‘Uh, now with the exit from the cepo, everything explodes,’ but things are also getting complicated outside, that’s the issue.”
Watch the exact part of the video where @marcosemmimfp talks about Galicia here:
Watch the video on YouTube
Read more articles analyzing Grupo Financiero Galicia (GGAL) at the provided link. GGAL stock.
