$APA - Energy | Oil & Gas
energy sector leads in RS over a 4wk period.
$APA outperformed among the S&P500 names from yesterday's market selloff with a double bottom price pattern from its correction in a 2-years uptrend. BO lvl coincides with confluence of VWAP & KMAs at $37.50
APA Corporation APA stock is still showing more strength recovering from its previous losses with a more upside potential to go.
Entry: 18.70
Target: 20.00
APA: multi months resistance break out in play.
I like these sets up very much because the following move tend to be powerful.
If you're bullish on oil, this is an interesting play.
Trade safe.
First time i eneterd APA just after Crammer downgraded it to trash in early april for the price of 4.5. I sold out stock at 8.2, but keep eye on graph and got some profit thouth option trade later.
We have a wave trend +60 -25% every month. The next wave next week, price must climb to 21 (then fall to 16). Expect oil uptrend to 50+ as a catalyst.
Buy idea: APA...
Apache Corp is a petroleum and natural gas exploration and production company struggling with the current prices and the cycle of the industry. My PV for this asset is around $40 but could be tricky buying at this current level, however, the potential profit is more than 12%.
Wish you the Best!
Learn how to beat the market as Professional Trader with an...
Just wanted to point out a pattern I am watching to complete. APA is currently approaching the neckline of an inverse head and shoulders on increasing volume. Watch for a break above $50 on big volume.
I went long APA today at 41.92. oil has been rebounding the last weeks and i missed it. Still lots of rooms to the upside.
watch RIG, DO, CRZO, SLCA, HCLP, EMES, SND, OAS, REN, ERX, UWT and some more.
Oil has been under non-stop pressure for the last few weeks, falling from new $55 to the $47 range. Talk is becoming overly bearish and that may be a great signal to buy. Another signal that oil may be headed up is the stock chart of Apache Corporation (NYSE:APA). The bullish combination of major support stretching back to August 2016 and a bullish inside bar...
APA had a quick drop to this $70-78 consolidation range after a 104.57 top on 7/31. A lot of room to go lower below the 10/15 low ($68.29). I got filled on one (delta 0.63) JAN15 75 Puts for $5.00. I don't have any idea what the company does (don't care), just looking at the chart.
Risk - sell stop when underlying stock price is above $78.65. If that is not ever...
