Y2PF34 trade ideas
YPF: Time at mode forecastThis is the potential upside in store for YPF shares, if the uptrend confirms. You can look to take a long position here, risking a drop under the recent low to be safe. We can add to it once it confirms the biweekly uptrend, very similarly to the commodity index setup (logically, due to the sector).
Good luck,
Ivan Labrie.
Trader makes a $500,000 Bet on YPF to the LONG SideYPF SOCIEDAD ANONIMA, an energy company, engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas (LPG) in Argentina. I have traded this stock before in the past, but I currently do not have a long position. Today we saw a trader buy 2,000 on the Jan 2015 30-40 Bull Call Spread for $2.85 per 1 lot or a cash outlay of over $500,000. A trader sees that YPF is breaking the Ichimoku Cloud on the daily chart and thinks it can move higher. This trader would not buy Call Spreads, but Calls outright if they thought the stock was going to move Parabolic higher. This is a bullish stance and a trader will make almost 300% returns if YPF closes above $40 on Jan 2015 expiration.
YPF Update & CorrectionDear 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.