Cool Cat Winston
09-20

Thanks BC! I opened positions for my first trade on Tiger! I still have thousands invested in the New Zealand stock market with Sharesies but I now want to diversify and trade different markets on Tiger as recommended by Barcode. Riding the wave with you BC! πŸ“ˆπŸŒŠπŸ”‰πŸ”ΊπŸ”₯

@Barcode：$BBVA Banco Frances SA(BBAR)$ $Banco Macro SA(BMA)$ $Grupo Financiero Galicia SA(GGAL)$ $Grupo Supervielle SA(SUPV)$ πŸ”ΊπŸ“ˆπŸ€©πŸ’ΉπŸš€πŸŒŸ BBAR Soars Post-Q2 Earnings – πŸ…±οΈullish Breakout to 14.50-15.00 in Sight! πŸŒŸπŸ’ΉπŸš€πŸ€©πŸ“ˆπŸ”Ί Kia ora Tiger traders! BBAR is turning heads after its Q2 2024 earnings beat, and this stock is ready to break through new heightsπŸš€πŸš€πŸš€. With the current price at $12.04, $BBAR is setting up for a breakout to 14.50-15.00, and we are all here for it. πŸ“ŠπŸ’₯ This isn’t just another trade; this is a launch opportunity backed by capital flow, technical momentum, and institutional investor confidence. 🏦 Key Data Overview: β€’ Last Close: $12.04 (+2.47%) 🌞 β€’ Pre-market: $12.00 (-0.33%) 🌧️ β€’ Resistance Levels: $12.39, then the big move to 14.50-15.00 πŸš€ β€’ Support Levels: $11.75, which serves as BBAR’s launchpad for this bullish ride. 🎯 πŸš€ Recent Q2 Earnings Surge: BBAR exceeded expectations in Q2 2024, reporting $0.61 EPS and revenue hitting $766.78 million. This impressive earnings beat has positioned BBAR as one of the best-performing stocks in Argentina right now, making it the stock to watch for the next big move πŸ“ˆπŸ’₯ πŸ”₯ Technical Momentum: β€’ MACD is showing strong bullish momentum, indicating that BBAR is building for its breakout 🟒 β€’ RSI at 43.37 suggests there is still plenty of room for BBAR to rise before hitting overbought levelsπŸ”Ί β€’ Stochastic Oscillator is recovering from oversold conditions, which signals that BBAR is gearing up for another leap. πŸ„β€β™‚οΈ β€’ Capital Flow has been strong, with institutional backing providing solid support for BBAR’s near-term breakout. Investors such as Fourth Sail Capital and Mitsubishi UFJ Asset Management have increased their stakes πŸ“ˆ. The chart is showing a β˜•οΈcup-and-handle pattern, which is a classic πŸ…±οΈullish setup that points towards a breakout. Once BBAR clears the $12.39 resistance, the target of 14.50-15.00 will be in clear sight. πŸŽ―πŸš€ πŸ’Ό Institutional Investor Confidence: Institutional investors are backing BBAR in a big way. Fourth Sail Capital increased its position by 74.6%, while Mitsubishi UFJ boosted theirs by 30%. This demonstrates strong institutional confidence, which is crucial for further bullish momentum . πŸ“… Performance and Best Entry Price: πŸ”₯BBAR is performing hotter than a summer in Buenos AiresπŸ”₯β˜€οΈπŸ₯΅. With over 100% YTD gains, this stock is showing no signs of slowing down. The best entry price is likely between $11.75 and $12.00, which offers a prime opportunity to ride this bullish wave toward the 14.50-15.00 target. πŸš€ 🟒 Competitor Watch: β€’ BMA: Buy 🟒 40% | Hold 🟑 35% | Sell πŸ”΄ 25% β€’ GGAL: Buy 🟒 30% | Hold 🟑 45% | Sell πŸ”΄ 25% β€’ SUPV: Hold 🟑 50% 🌟 Analysts’ Opinions: β€’ JP Morgan: β€œBBAR is poised for a cup-and-handle breakout.” β€’ Goldman Sachs: β€œWith Argentina’s economic recovery, BBAR is a strong buy candidate.” Hey Tiger Traders, will BBAR hit $14.50 by the end of the month? Are you ready to take part in this bullish ride before the breakout πŸ’¬πŸ“ˆ What other Argentinian stocks are showing a similar cup-and-handle breakout like BBAR right now@TigerGPT Source Zacks: Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Banco BBVA (BBAR), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Banco BBVA currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Investors should also pay attention to BBAR's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. BBAR is currently averaging 796,655 shares for the last 20 days. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with BBAR. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost BBAR's consensus estimate, increasing from $1.48 to $1.88 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Bottom Line Taking into account all of these elements, it should come as no surprise that BBAR is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Banco BBVA on your short list. Happy trading ahead. Cheers, BC πŸ€ @Tiger_comments @TigerPicks @TigerStars @Daily_Discussion
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • singsongone 10
    09-20
    singsongone 10

    good luck with ur trade bro, from Singapore, haha

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