YPF Más claro no hay! Impecables todos los indicadores. Vamos de a uno:
Fibonacci: una pinturita, la extensión está perfectamente ajustada al precio de la acción. Estos últimos días estuvo probando la línea de 0,786. Más específicamente, hoy tocó esta línea y volvió para atrás para cerrar en el valor actual. Que más podemos esperar? Con buen volumen debe...
Price reached the MA200 and downside trendline and couldn't get through them.
Fibonacci .618 of the previous movement is already in.
Moreover, Argentina uses this company as a way to hold inflation. So, profits are limited.
Clear sell for me.
I'm not a fan of its fundamentals, but the setting seems appealing.
It is now above the previous downtrend line and the MA50.
The MACD, however, starts to show a relative weakness.
The thesis in one line is: YPF's costs are in pesos, but its revenues are in dollars. The Argentinian peso has been crushed past few months. Argentinian assets are unpopular; for example, YPF is down 30% in 4 months. If sentiment towards Argentina improves, the stock goes up, but if it doesn't, while the peso is down YPF generates windfall profits.
