PAM
📈 Pampa Energia was mentioned among the stocks that initially surged following the positive news about the CEPO removal.
⚠️ However, the analyst later grouped Pampa with other Argentine ADRs whose closing candle patterns were deemed unfavorable (‘no me gusta como cerró’).
🧐 This suggests that despite the initial optimism, the stock faced selling pressure towards the end of the session, warranting a cautious stance based on technicals.
@ClaveBursatilTV:
“For example, the Argentine banks, Galicia, I don’t like how it closed. TGS, for example, I don’t like how it closed. Pampa… I mean, most of the Argentine assets… Loma either, all stocks that I don’t like how they closed. And although it was a nice day and could break, let’s say, a bearish trend it had, meaning tomorrow could be bullish, and the day after, and we become bullish… Today, I didn’t become bullish. Today, I don’t like how it ended.”
Watch the exact part of the video where @ClaveBursatilTV talks about Pampa Energia here:
Watch the video on YouTube
Read more articles analyzing Pampa Energia (PAM) at the following link. PAM stock.
