Long Position on GGAL @ $36.25 on 5/20/2024 (Momentum)

Grupo Financiero Galicia S.A. (GGAL), a financial service holding company, provides various financial products and services to individuals and companies in Argentina.

The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.

In addition, the company offers financing products; consumer finance and digital banking services; electronic check; global custody services; Fima funds; financial and stock market services to individuals, companies, and financial institutions; foreign trade services; and capital market and investment banking products that include debt securities, short-term securities, and financial trusts.

Further, it provides robbery, personal accident, life collective, home, life, integral, pet, surety, and technical insurance products.

Additionally, the company offers private banking services to high net worth individuals; and operates digital investment platform.

Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina.

Entry Point: $36.25

Trading Range: $10.57 - $37.75

Stop Loss: $34.45

Target Price: $39.75

Position closed on 5/29/2024 at price of $34.45 with a -4.97% loss in 9 days.

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