GGAL
📊 Grupo Financiero Galicia’s stock (GGAL) shows a significantly weaker technical picture compared to the overall Argentine Merval index during the recent downturn.
📉 Technical analysis identifies the primary trendline support for GGAL much lower than its current price, suggesting a potential drop of approximately 50%.
⚠️ The stock closed at $48, but its key support level, based on the trend initiated in 2022, is estimated to be around $25, indicating substantial downside risk if the sell-off continues.
@ClaveBursatilTV:
“Where we are not like that is in Galicia, because if we want to see where that support is, we have it much lower. In fact, we have it 50% lower than the current price of Galicia, which closed at $48, and we would have the floor of the trend around $25, more or less. More wood if that happens, right?”
Watch the exact part of the video where @ClaveBursatilTV talks about Grupo Financiero Galicia S.A. here:
Watch the video on YouTube
Read more articles analyzing Grupo Financiero Galicia S.A. (GGAL) at the provided link. GGAL stock.
