MERVAL
📉 The Merval index ended the week almost neutral, down 0.10%, despite a nearly 4% loss at the start of Friday’s session.
📈 The index showed a recovery in the last two hours of Friday’s trading, potentially indicating a shift in market sentiment.
📊 After reaching the 200-day moving average area, the candles began to show ascending highs and bullish price action, suggesting buying pressure at lower prices.
@ClaveBursatilTV:
“We can see a Merval that ends almost neutral in the week, falling 0.10%, but Friday’s session started with a Merval losing almost 4%. This gain, which brought the Merval to almost neutral territory in the week, occurred in the last 2 hours of Friday’s session. Let’s see a Merval that, as we have been talking about so much, went down to the 200-day moving average. Notice that, well, it didn’t touch it, but also this Merval in dollars is a mathematical calculation made with the YPF ADR. There are different calculations of the Merval in dollars; perhaps in some other calculation, it did reach the average, but it’s not important. What’s important is to see how, from reaching the 200-day moving average area, the candles started to make ascending highs and also have quite bullish price action, that is, leaving wicks downwards and ending the week upwards. That shows that when the asset falls, there is buying force that pushes it up again. In that way, if we drew a straight line there, we could see that the downward trend was broken and perhaps the Merval’s recovery began.”
Viewers can see the exact part of the YouTube video where @ClaveBursatilTV discusses the stock here:
View the video on YouTube.
Read more articles analyzing MERVAL at the following link. MERVAL stock.
