TEO
📈 Telecom Argentina triggered a buy signal based purely on technical analysis before major market news broke.
📊 The buy signal was confirmed by the stock price breaking above key moving averages and a significant downtrend line.
🎯 Initial profit targets are set using Fibonacci retracement levels, though upcoming market news introduces significant uncertainty.
@ClaveBursatilTV:
“And the one we bought, as I told you, one was Banco Francés, which finally dipped at the end of the session and didn’t give us a buy signal, but Telecom sí nos dio compra. Notice that we have a candle that surpassed all moving averages, and not only that, but it was in a downtrend that it also broke, a downtrend line that it also broke. So it gave us a buy signal, obviously without yet knowing what they announced after the market close about the exit from currency controls (CEPO), etc., right? So, just based on technical analysis, we bought. And the objectives are set by Fibonacci; if you draw it from the maximum to the minimum, the three Fibonacci retracements appear. Well, that was the objective set for the alert. Now we have to see what happens on Monday; obviously, we don’t know what will happen on Monday. It could be that Argentina collapses because of ‘buy the rumor, sell the news,’ no idea. We’ll see what happens there. And if it flies and breaks all the Fibonacci retracements and keeps rising, well, we’ll see, right? So it’s a purchase we made based on technical analysis and methodology, what I teach in the seminar. Now, the whole scenario could have changed with the news already out, so we’ll see on Monday what happens, right?”
Watch the exact part of the video where @ClaveBursatilTV talks about Telecom Argentina here:
Watch the video on YouTube
Read more articles analyzing Telecom Argentina (TEO) at the following link. TEO stock.
