APA The energy sector is weak and doesn't mean cheapApache 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%.
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APA
Nice iH&S looking to complete on Apache (APA)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.
$APA Apache - C&H Pattern$APA Apache - C&H Pattern. Confirmation will be support holding/successful retest at 43.40
Near term targets on chart
APA long oil reboundI 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.
APA is a buy on this scaleEven 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 - Upward channel breakdown short from $48 to $34, 50 Jul PutAPA 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 Target $38.13, 2nd Target $34.13
Stop Loss Criteria- $56.13
Option- To play this we would consider $50 July Puts @ $3.34, and $45 July Puts @ $1.57
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Is Oil About To Turn Higher? This Chart Says Yes! 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 (flag) pattern signals upside on the stock. If Apache Corporation is headed higher, you better believe oil is going to get a bounce as well.
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2 long patterns almost complete for $APA?This is a monthly chart (WIP) with 2 very long patterns I will be watching it for buying opportunities below $39
Super Not-Sexy Swing Trade - $APA - Apache Corp lower 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 filled, adding a 30 day time stop to get out. Time stops are good for straight bought options because that can turn into a pretty large theta decay loser if it doesn't go up or down.
Target- A double? Using a trail stop method in it's infancy.
Disclaimer: This is also a trade for me to get my cash portfolio delta lower. May not be your cup of tea for your situation.
-Kevin