AL30
📉 The AL30 bond’s chart suggests further downside, with about 5% to go before reaching the base of its upward channel since the elections.
📈 The bond’s uptrend began with the resignation of Batakis and Guzmán, similar to the MERVAL and Galicia.
📊 Quantitative analysis indicates that Argentine assets, including the AL30 bond, still have room for further decline.
@ClaveBursatilTV:
“Looking at the AL30 bond with a very basic chartist analysis of the price, it also has about 5% to go to reach the base of the upward channel it has been making since the elections. In this case, the upward trend of the AL30 also began with the resignation of Batakis and Guzmán, that hit in mid-22, a little more gentle, not so steep, and then after the elections, it steepened very sharply upwards. The chart suggests that there is an additional drop. Quantitatively, everything indicates that Argentine assets still have a bit more to fall.”
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Read more articles by the world’s top 100 analysts on Argentine Bond AL30 at the following link. AL30 stock.
