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?
Breaking the triangle goes directly to 5 USD. Clearly triple button on 3.90 gives direction UP Will Stop been penny stock soon.
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
Possible retracement to the zone of $ 4.16, to the 61.8 of the fibbonacci, to then bounce back to the zone of $ 5.
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¡.
NYSE:YPF Possible Scenario: LONG Evidence: Price Action, Option Activity TP1 ~5.5$ This is my idea and could be wrong 100%
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.
Third Elliott wave Begins since it finds a floor.
En TL alcista, soporte en 5,80. Target 6,60 maximo del rally anterior, a completarse la semana del 13 al 17/7 Luego correccion y debe buscar cerrar gap en 7,30
Finalmente logra romper el canal descendente, luego de testear su soporte de 5,30 (retroceso 0,382 fibo) en los dias 18,22 y 24 junio. Como dije en el anterior informe faltaba volumen para romper el canal, el cual venia descendente desde el 10/6 hasta ayer 24/6. Hoy cerro en maximo del dia en zona de retroceso Fibo 0,236, mañana debe confirmar esta mini TL alcista...