goes up or brekas down? moment and volume follow price up. if staying this way, it's good time to buy, on floor. if it brakes, it falls.
SINCE THE PRINCIPLE AGREEMENT BETWEEN YPF AND REPSOL THE PRICE CROSSED WITH HIGH VOLUME A DOWNSIDE TREND LINE STARTED EVEN BEFORE ARGENTINAS EXPROPIATION.
YPF HAS JUST BREAK OUT A LONG TL INITIATED ALMOST 3 YEARS AGO.
After breakingout today, $YPF just get into another ascending triangle, clearly larger, qith a target price more accurate to its economic value. Keep aneye the next two months. Sell pressure or the famous "political risk" must to decline in favor of economics.
Dear friends, I was unable to get a date brokeup this second inside triangle due scale time problems (basically, I dindt take into account the non working day). Here is the update, still working. The 2/3 of the extension in fact is 13,333 days, not exactly 14. Take a look to 15, 5 & 3 min charts also to get the real picture. Good Luck.
ACCUMLATION DISTRIBUTION INDICATOR CROSSED PRICE LINE ON JULY 17. NEW TREND CONFIRMED. POSSIBLE BULLISH DIVERGENCE.
After a failled break out, YPF seems to build another triangle pattern breaking on september the 3rd. Target price 18.9
SEEING OTHER INDICATORS IT IS PROBABLE THAN YPF BREAKS TODAY. STRONG VOLUME ON AFTER (92 K SHARES)
FIBONACCI RETRACEMENT WAS WORKING, BUT THE DINAMIC SUPPORT STARTED ON MAY DEMANDS A BREAK OUT NO MORE THAN THE BEGINING OF SEPTEMBER.
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