GGAL
📉 Galicia’s stock mirrors the MERVAL’s trend, showing potential for further decline based on moving averages.
⚠️ There are no immediate signs of a trend reversal, suggesting more downside in the short term.
🔑 Key support levels align with previous lows, such as those seen during the base law collapse and electoral uncertainty.
@ClaveBursatilTV:
“Looking at Galicia, perhaps the most representative stock, from the point of view of the moving averages, it still has a way to go to reach the 200-day average, where it also went on August 5, when the base law collapsed. It even traded below during the electoral process, facing uncertainty, and then came out strong after the result was in place. So, if we look at a stock instead of the index, we are in the same situation, where we do not see an immediate symptom of reversal for the coming days, but rather an even greater margin of decline.”
Watch the exact part of the video where Nico talks about Galicia here:
View the video on YouTube.
Read more articles featuring the most recent analysis of Galicia (GGAL) at this link: GGAL stock.
