Trade Setup
YPF Sociedad Anónima, an energy company, operates in the oil and gas upstream and downstream activities in Argentina. The company’s upstream operations consist of the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas (LPG). Its downstream operations include the refining, marketing, transportation, and distribution of oil, petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels, as well as in gas separation and natural gas distribution operations. As of December 31, 2020, it had interests in 123 oil and gas fields; approximately 483 million barrels (mmbbl) of oil; and approximately 2,110 billion cubic feet (bcf) of gas. It also had a retail distribution network of 1,632 YPF-branded service stations; 20 exploration permits, including 16 onshore and four offshore exploration permits, as well as 103 production concessions; and 36 crude oil treatment plants and 11 pumping plants.
The stocks founds in the TradersPro Alerts category use a fixed entry and exit point using fibonacci analysis. It is a confirmation strategy that waits for the stock to make a move then a trader enters the trend at specific prices. The .382 fibonacci level of the prior trend is the entry and the .618 is the exit, with the stop loss under the swing low. This typically creates a 1 to 1 reward to risk with a high probability of success. To learn more about the fibonacci snap tool and this strategy you can go here.
