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.
Esquema tentativo basado en lineas de soporte y resistencia de distintos rangos, desde 1 hora a 1 minuto. Predice tendencia a la baja
In case of breaking the beraish channel is it possible to reach the limit of the day-triangle figure estimated breaking on jaunary 11. Only by and strong and clear volume break of the bearish channel could lead to figure it out a possible break a the day triangle figure.
Due the well known conflict North-North or the so called "neo" Cold War, the US is taking measures to regain terrain in the intenational field trying to keep the US Dollar pattern. Thus, one of the consecuences is the price´s fall in commoditties, specially thoose strategically important to US in terms of geopolitcs. In that context, oil meassured in Us Dollars...
This is the real Ressistance for YPF, due the fact that 38 is a prce already reached. After this R the next PO is 42.
Following current trends this triangle has just broke out, aiming a price target of 48.08
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.