TomProTrader
Long

APC- Expecting Longs To Continue To Anticipated Target Levels

NYSE:APC   ANADARKO PETROLEUM CORP
126 0 5
Traders

I consider APC             a "premium" energy asset to hold over the next year or so. With Anadarko likely to experience the full range of industry advantages over 2016, this company is expected to see some nice advantages.

Looking bullish , as you can see it had a retest of the previous sideways support, and is now being used as resistance. Off this level we had a nice morning star signal.

Looks simular to a candlestick cradle pattern, but isn't quite. Depends on your view, some will say it could be.

I expect price will eventually see target displayed on chart, although might be a rangebound ride to get there at some price levels.

Best of luck
Tom
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