TGS
📉 Failed Rally Attempt: TGS initially signaled a buy but quickly reversed, falling back below a key downward channel and failing to break its ceiling all week.
🛡️ Risk Aversion Sell: The sale was executed to avoid repeating past patterns where the stock fell significantly after similar failed breakouts.
⛽ Energy Sector Headwinds: The analysis notes that falling international oil prices create a less favorable environment for energy stocks like TGS, adding to the caution.
@ClaveBursatilTV:
“And the other one we sold is TGS, Transportadora Gas del Sur, which had given us a buy signal at the beginning of the week because it was very bullish, but then it fizzled out, dipped back below this downward channel. Here, all week, it couldn’t pass the ceiling of that downward channel, and we decided to sell it. We said, ‘Well, let’s sell it, just in case it does this again, just in case it falls again as it has done in the past, and we take the hit again.’ So, I protect myself, exit the asset until it makes it clear it’s not going to fall. When will it make it clear it’s not going to fall? Well, when it breaks this downward channel upwards, precisely. Then we will re-enter with the same concept as Galicia; that is, we will earn a little less, but we protect ourselves from taking a beating, and besides, we remain liquid in pesos for new opportunities that appear, right? Because sometimes they tell me, ‘Hey, I don’t have liquidity.’ Well, why don’t you have liquidity? Because I burned it all; I bought anything just to not have the cash liquid. Well, poorly done, right? You always have to have liquidity so that when an opportunity appears, well, you have the money available.”
Watch the exact part of the video where @ClaveBursatilTV talks about Transportadora de Gas del Sur here:
Watch the video on YouTube
Read more articles analyzing Transportadora de Gas del Sur (TGS) at the provided link. TGS stock.
