Aluar: Tied to the Dollar’s Fate?
📉 Aluar's stock price movement is heavily dependent on the official US dollar exchange rate in Argentina, rising when the dollar strengthens and falling when it weakens.
⚙️ The company's competitiveness may be negatively impacted by the recent liberalization of scrap metal exports, as it previously benefited from purchasing cheap domestic scrap.
❌ The speaker expresses a negative view on holding Aluar, considering it primarily a hedge against official dollar devaluation rather than a fundamentally attractive investment.
Aluar Stock Tied To Official Dollar Rate, Not Fundamentals
💵 Aluar's stock price movement is heavily dependent on the fluctuations of Argentina's official USD exchange rate.
📉 The company operates in a highly competitive sector, and recent changes allowing scrap metal exports might negatively impact its input costs.
🛡️ Aluar is primarily viewed as a hedge against the devaluation of the official exchange rate, rather than a growth investment based on fundamentals.
Aluar Faces Rebound Potential After Losing Key Support
📉 Aluar has lost key support levels, specifically around 14.
🔄 The stock shows potential for a rebound, but it's a risky trade.
⚠️ It has been in a downtrend and failed to hold crucial support areas.
🤔 The weekly chart suggests a possible rebound from the 12 level.
