Merval Index: Bullish Reversal Signals Major Upside Potential
📈 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".
Merval’s Neat Trend. A Sign of Accuracy?
📈 The Merval index shows a remarkably neat upward trend since Milei's victory, characterized by consistent impulses and corrections.
📉 Corrections in the Merval have historically been around 20%, offering buying opportunities for investors.
📊 The index's neatness suggests a high degree of accuracy in its future projections, indicating potential new historical records.
Merval Index: Potential Recovery After Breaking Downtrend
📉 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.
Merval Index Shows Strong Reversal Signals. Time to Buy?
📈 The Merval index has surpassed critical resistance levels, including the 21-period moving average and the downtrend channel, indicating a potential bullish reversal.
💪 The rebound from the 50% Fibonacci retracement level and the 200-period moving average suggests strong technical support.
⚖️ The index shows better performance in pesos than in US dollars (CCL), suggesting a purer and more reliable trend in the local currency.
🐊 The 'cocodrilo' indicator is signaling a 'caramel point' for buying, reinforcing the bullish outlook.
