TGS
📉 TGS exhibited a concerning ‘horrible’ closing candle pattern, characterized by a long upper shadow and a small red body, finishing below a key channel resistance.
❓ Despite a significant intraday rally, the weak close suggests sellers overwhelmed buyers at higher prices, questioning the sustainability of the move.
🤔 The analyst interprets this technical signal negatively, advising caution and refraining from new purchases based on this specific candle formation.
@ClaveBursatilTV:
“TGS, for example, look at this candle. Horrible, the TGS candle, where it ended with pure upper shadow, a small red body, and below the channel. So, it’s true, they were nice rises today. It was with increased volume. Something fundamental about Argentina is no longer there, which is the CEPO, which was very negative for the economy and for the macroeconomic takeoff. That is, medium to long term, I think this is very positive, but short term, at least the chart didn’t give me a buy signal today.”
Watch the exact part of the video where @ClaveBursatilTV talks about Transportadora de Gas del Sur here:
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Read more articles analyzing Transportadora de Gas del Sur (TGS) at the following link. TGS stock.
