MERVAL
📈 The Merval index has reversed its downtrend, breaking above key moving averages (200, 21, 42, 100), indicating technical strength.
🇦🇷 Despite a recent sharp correction (43% in pesos and dollars from Jan to mid-April), the index recovered strongly, suggesting the underlying uptrend remains intact.
🚀 A potential “fifth acceleration” or “wave of glory” is projected, building on the significant gains seen since 2021, especially under the “phenomenon Milei”.
@ClaveBursatilTV:
“What happened with the local market? That fourth day of perforation caused a bearish trap with a bullish resolution, and today I have a reversal. Why do I have a reversal? Because it surpasses the 200-day average, it surpasses the 21-day average, it surpasses the 42-day average, it hit the 100-day average, and it’s very close to surpassing not only the channel but also the new fan resistance presented to the market. This pullback, which is barely visible today, if you look at the graph, that graph reassures you; it speaks for itself. The RSI rebound already passed 50, entering dynamics. The Merval is in an uptrend. The Merval made the adjustment against the fourth acceleration in the bullish guideline. What can I think and foresee going forward? What I was talking about in San Clemente on February 8th, several months before today: we are going to start with the wave of glory, the fifth acceleration. Here I am showing it, projecting it. The adjustment was 43% in pesos and 43% in dollars from January 1st until mid-April. What can you tell me if I have the book of the rise open?”
Watch the exact part of the video where @ClaveBursatilTV talks about Merval Index (Argentinian Market) here:
Watch the video on YouTube
Read more articles analyzing the Merval Index (MERVAL) at the following link. MERVAL stock.
