With earnings coming shortly, plan your entry accordingly. My ideal entry would be a close above $18.79 preferably after earnings, with my first profit taking point being the 0.618 fib at $22.32.
Quick little markup on Apache oil looks to be recovering nicely from covid crash, it just passed a major resistance of .23% next one is .38 I can see it recovering to atleast $25 maybe more depending on Biden decides to crack down on oil like he did fracking (I fibbed the last high before crash which is about $52)
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.
The rally in commodities continues as the 2021 outlook becomes increasingly bullish.
APA Is in a very strong uptrend and on steady volume.
Next major resistances | targets
$17.87 June Pivot
$20.22 Gap Fill
$23.00 Fibonacci Golden Pocket.
Like all energy stocks APA can be very volatile and fall out of favor fast,
keep stop losses in play and bank profits....
Title says it all - as our followers know we bought and posted here in march for $4.35 and it ran up 400% - We sold. Now looking to reenter - not advice.#stocks #oil
