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Banco Macro S.A.Banco Macro S.A.Banco Macro S.A.

Banco Macro S.A.

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BMA trade ideas

$BMA can rise in the next daysContextual immersion trading strategy idea. Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $15.30; stop-loss — $14.38. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:BMALong
by KozakHlib
1
Argy banks adding volumeThe 4 ADRs increased volume very noticeably in the last few wheels at the same time as they hit the top of the sideways Bollinger in which they are developing. While the second Bollinger implies a higher range of higher volatility, the previous sentence leaves me with the impression that even this move is coming and that the banks are getting ready to pull back a bit... not too much, I would think, being that the trend of the last few months is sideways. On a positive note, it is worth noting that they all made higher highs than previous highs, with the exception of SUPV and its usual rebelliousness.
NYSE:BMAShort
by GusNord
BMA Technical Analysis 🧙Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The firm generates most of its revenue from Argentina. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:BMALong
by trading_as_bus
1
BMA Technical Analysis 🧙Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The firm generates most of its revenue from Argentina. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:BMALong
by trading_as_bus
This is NOT a double bottomWe often take a double bottom to be a sign of a bullish market structure. A double bottom with a breakout ends up looking like a 'W'. However, it's NOT double bottom when the second low is LOWER than the first low. The second leg must be EQUAL or SLIGHTLY GREATER than the first low, for it to be considered a valid 'W'. Why? Well, the second leg of the double bottom is just a test of the first initial lows. If we break those old lows, we haven't really established a bottom. I can see how taking this trade may have been tempting; it's pretty damn close to a 'W'. But not quite, and it's evident what happened shortly afterwards.
NYSE:BMAEducation
by realcapmillen
$BMANYSE:BMA ADR del papel argentino analizado en compresión diaria, presenta un lindo banderín en la zona entre 89,75 y 62,6 coincidente también entre las líneas de extensión de Fibonacci de 1,236 y 1. Punto importante a notar es el achatamiento del MACD cerca de un valor histórico de 6,19. Podría mostrar un probable cambio de concavidad o simplemente un descanso para luego superar o alcanzar dicho máximo histórico del valor del oscilador mencionado. RSI retrocede de la zona de sobrecompra pero sigue en tendencia alcista, vuelve a un valor de soporte tomando la línea de tendencia de color azul en el indicador. Resistencias fuertes que podemos esperar son la zona de 75,7 a 76,1 (resistencia histórica + 1,5 de Fibonacci) y 85,40 otra resistencia histórica.
NYSE:BMA
by TradingToro
1