Key Findings: Bounce up in stocks will be supported by apple. If everyone is expecting the market to fall, it probably won't fall. This is a saying of experienced traders. Are we in such a situation right now ? What will FED decide on Monday in their emergency meeting ? Nevertheless chart is giving us significant price levels to watch. I highlited them in the...
Long APC Entry 1: 24.3; Exit: 21.7 Entry 2: 20.5; Exit: 18.7 Target 1: 31.7; Target 2: 43.4; Target 3: 62.3 Signal + Weekly chart . Bullish divergence from Mar 18 to Mar 20. . Consolidation zone during 17 months from Jun 20 to Nov 21 in range 19.5 - 25. . Price slightly go above MA26 from below to confirm trend reversal. + Daily chart - Price is above 02 MAs to...
Anadarko (APC) has shown a clear support at 40.00 and are now looking to bounce back up. With MACD moving into bullish momentum and RSI being oversold, together with the Parabolic SAR being below the price, we have a clear buy
$APC Ascending Triangle - Bullish Options Activity Today Near term target - $49.00 by March Note: Informational analysis, not investment advice.
Retest gap today. APC just broke out of a sort of reverse head and shoulders pattern. I'd really like to see it retest the high of yesterday, possibly even the neckline again even though there was already a few day retest at that level. Only time will tell.
IHS is setting up This chart is made for the FREE BLOG at our website. APC is setting up an IHS -though not symmetrical. A timeline for possible breakout has been drawn in to show where a symmetrical breakout could be expected. It's not to say by this chart if we will see a deeper pullback as it happened on the left shoulder. Indicator not showing divergens so...
R we goin to see the formation of cup and handle soon? Feel free to comment!
This is the last public analysis for today, here is a beautiful flag. Of course, one look at SP500 is good. Sell when a BAR below 43,50 close
$APC reported earnings and every headline I saw read "missed by" whatever number. Looks weak so far but still stuck in a pennant formation on the daily chart. I have had a AUG 95 Call for over a month. Up a dollar and change I might sell on strength at another test of the 4/20 candle wick high 95.94 and today's 95.75 high. A daily close below the ascending...