- January 29th, 2013$YPF: Nature of trending stock.
YPF had a big day today with over 10% gain. We swing traded YPF from 15.70's yesterday and took profit this morning at 16.50. Decent gain , however , on the intraday chart it gave fresh buy entry many times. I passed it all day as i became emotional for selling too early. We all know emotion is trader's enemy. Lets dissect the intraday chart to see the lost opportunities and learn from it.
Stock creates higher low after initial morning pullback to VWAP.
First re buy area 16.50 on morning flag break with stop below VWAP.
1st pullback to rising 20 EMA and back above it. Another buy area. with stop under 20 EMA.
Another pullback to 20 EMA and immediately back over it. Another buy area with stop under 20 EMA yet again.
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