EARNINGS: Earnings are light in the coming week, with ULTA (90/47) being the best candidate metrically for a earnings-related volatility contraction play, although its liquidity isn't great. Pictured here is a 205/210/265/270 iron condor in the January cycle that is paying 2.06 at the mid (1.03 at 50% max). Markets, however, are showing wide here. SINGLE NAME...
With broad market and exchange-traded funds being temporarily unproductive from a premium-selling standpoint, I've been scouring the earth for high rank/high implied underlyings. APA (100/74) is one of them with earnings in the rear view. Pictured here is a monied covered call with the short call at the 20 strike in the January cycle. Markets are showing wide...
I think it is obvious that this one can give us one quick squeeze short profit and then entrance level as well. RSI is highly overbought, MA200 looks like a border stone, and there is Fibonacci level as well.... My play is sell short, 1k shr with 2:10 R/R
I hope Trump will do some private talk with XI and market will recover back.
APA is approaching our first resistance at 34.25 (horizontal overlap resistance, 100% fiboancci extension, 38.2% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 25.66 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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.
$APA Apache - C&H Pattern. Confirmation will be support holding/successful retest at 43.40 Near term targets on chart
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.
Even though long term view is a bit unclear to me, but I think this chart showed a change of momentum at least on a weekly basis. Would use option to play the earnings.
APA Seems broken down from an upward channel, retested the channel support line & now falling down sharp. With the falling Oil price we think it can decline as low as $34 area * Trade Criteria * Date first found- April 20, 2017 Pattern/Why- Upward channel breakdown, Declining Oil price, Entry Target Criteria- Break of $48.87 Exit Target Criteria- 1st...
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...
I'm looking at the downtrend to continue as PA is confirming down off a daily supply ( resistance zone). could also be a nice place to form a trendline area in the future.https://www.tradingview.com/x/zv7pHFeh/
This is a monthly chart (WIP) with 2 very long patterns I will be watching it for buying opportunities below $39
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...