GGAL
⚠️ Despite the positive market backdrop, Galicia’s ADR closed with an ‘horrible’ doji candle pattern, indicating indecision and potential reversal after the initial surge.
📉 The stock failed to convincingly break above key resistance levels, suggesting the upward momentum might be stalling.
🧐 The analyst expressed caution, suggesting the day’s closing pattern was unfavorable and did not warrant initiating new long positions based purely on technicals.
@ClaveBursatilTV:
“In the case of Galicia, the same, the candle that the ADR left me is horrible. It’s a doji candle, a bit uglier than a doji even, also below a resistance. I don’t like how Galicia closed. We were seeing today, Andy, in the live stream we did at 2:30, a doji too. Horrible. I mean, I don’t like them. Generally, they indicate trend changes, maybe depending if they are in a downtrend or uptrend. In this case, if we have to be guided by pure technical analysis, tomorrow starts down, but well, we don’t know the future, and this is purely technical analysis.”
Watch the exact part of the video where @ClaveBursatilTV talks about Grupo Financiero Galicia here:
Watch the video on YouTube
Read more articles analyzing Grupo Financiero Galicia (GGAL) at the following link. GGAL stock.
