NYSE:YPF breaking out from a massive pennant and doing new local highs, waiting for a pullback to 10 usd. Amazing opportunity to buy between 7 usd and 11 usd and hold very long term or sell at 35 or 50.
The U.S.-listed shares of YPF SA (YPF) shot up 24.3% toward a one-month high in premarket trading Monday, as investors in the Argentina-based oil and gas company cheered the election of right-wing populist Javier Milei as the new president of Argentina.
The stock's rally was part of a broad gains in share of other Argentina-based companies, as the Global X MSCI...
Consolidation looks done. There is resistance so can get in on b/o
Earnings are great
Goal is about 2.5R (3.5ATR(21EMA)). Risk is about 1.5ATR
Risk management is the most important.
This stock has really been on a tear recently and with a global recession looming I look for oil demand to wane. Going to take the short side of this trade and fade any bounce with long the Feb $11 puts.
I noticed a repeating pattern and tried to annotate this pattern using 1,2,3,4, and pattern completion 5 (white)
An entry here on this Monthly chart would be chasing this potential rise based on pattern completion
Risky entry against the trend, still possibly valid although, hard to pull off
future support between 3.00 /3.20 zone. will see.
In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
$YPF Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction. The supply and demand, therefore, seem to be one and the same.
$YPF Triangle. 4 good support. So far, we have seen two triangle patterns: one from an uptrend and bullish market move and one from a downtrend with a decidedly bearish look. Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its...
Energy play at Channel-Bottom
Disclaimer: Started a Mini-Position on Friday, would like to add more around 4.40, if we won’t drop further I will accumulate more shares in the Support-Area
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.
