YPF S.A is a vertically integrated, Argentine energy company, involved in oil and gas exploration. With the relative strength we are starting to see in emerging markets and the current outperformance of the energy sector perhaps YPF S.A is a company to look at.
We can see that price has made a series of higher lows after falling to a low of $3.33. As price emerged out of the “NoGo” we saw GoNoGo Trend unable to maintain consistent “NoGo” colors, painting several amber “Go Fish” bars and finally now consecutive “Go” bars. During this period, GoNoGo Oscillator has found support at the zero line several times and most recently volume has picked up (dark blue of oscillator). We will watch now to see if support is once again found at the zero line as it should. If it does, we will see a Go Trend Continuation circle appear under the price bar which would suggest a low risk entry into the new “Go” trend.
