LOMA
📉 Loma Negra’s ADR showed a significant upper shadow on its daily candle, indicating a retreat from intraday highs.
🚧 The stock closed back below the roof of its recent downward channel, failing to sustain a breakout despite a large percentage gain (13%).
🤔 The analyst views this price action cautiously, suggesting the failure to hold above resistance doesn’t confirm a bullish reversal yet.
@ClaveBursatilTV:
“If I go to see the ADRs, I have a Loma that left me an upper shadow and got back under the roof of the bearish channel it was making. Although it’s a good candle, it rose 13%, I mean, this is not debatable, eh? But one thing is that we had a good bullish day, and another thing is that it’s enough to break a structure, in this case, downwards.”
Watch the exact part of the video where @ClaveBursatilTV talks about Loma Negra here:
Watch the video on YouTube
Read more articles analyzing Loma Negra (LOMA) at the following link. LOMA stock.
