US Stock In Play: $APA$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
Apache
Easy money on APACHE. +60% -25%. Every month.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 Warrants for sept 2020 with target 20-25. Sell after Apa goes to 21.
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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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 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.
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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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