Even when YPF is considered for many investors linked with a non market friendly goverment, we can see a clearly and non random ressitance and support trend lines. From 1994 to April 2020 YPF was under 11 usd only for 2 months. It´s time to buy. Target? 15 usd in one year.
Many Argentinian stocks are showing descending triangle breakouts. There are many charts that look like this, all in various stages of breakout. No shortage of opportunity.
See for yourself:
finviz.com
After September 1st of 2005, YPF began a down way with very less interruptions. Today, Oil is not the "vedette" of transport, specially to the future. Will we watching the final of the company very soon or maybe, some process of management could change its destiny?
Guys,
This is loaded I am actually taking this trade right now. Just deciding options or stock. Will update shortly.
Monthly and all other timeframes back it up
1) VWAP - way under
2) Wedge forming (price action spring)
3) Inside a falling wedge already
4) In a squeeze
5) Oversold
YPF has just bounced off the 61.8 of the fibbonacchi and is on its way to worth $ 4.50 as a minimum, logically it has the next resistance of the triangle. Tomorrow presents earnings¡.
Weekly Downtrend Channel
In Wedge
Volume Profile max volume price is 15
Entry 4.6
no Stop
Target 15
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
