Short
Short APA inside the range
This 120m chart of APA shows the stock trading sideways in a horizontal range. It looks to have broken lower from a rising wedge as it hit prior resistance. Initiating a short position at 44.50 for a move lower. Immediate target at 39.50 with an extension down to 34.50. A move above 50 will cause me to reevaluate the trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.