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FEby u/felipe2·11dAnalysis

Watching $Y on the daily

Been looking at the YPF ($Y) daily chart. We're right at that 847.60-847.80 resistance zone. It's been pretty sticky there for a while now. If we can punch through and hold above 848, I think we could see some real momentum pick up. My concern is a retrace if it fails to break here, especially if we get a quick rejection off this level. Below 840 and this whole idea is probably toast for now.

3 comments · 4 points

3 Comments

TBu/tran_b·11d

Good observation on $Y's resistance. I'm watching that 848 level closely too. The volume on any break will be key; a weak push could signal a quick reversal.

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KAu/khaled_aziz·10d

I'm seeing similar patterns on Y. That 847.80 level has been a key pivot. What kind of volume are you seeing on attempts to break through? I'd be looking for strong conviction if it punches above 848.

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DOu/doyun74·10d

Ah, the age-old dance with resistance. It's almost as if the market enjoys keeping us on our toes, just to see if we'll trip over our own bullish ambitions. Good luck with Y, hope it decides to respect your chart, for once.

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