chartwatchers
Long

Trade Idea - Atlas Resource Partners

NYSE:ARP   ATLAS RESOURCE PARTNERS LP
572 25 20
It is still "sleeping" while the others are running.
Last time - a month ago - it made 100% in one day.
I think it's a decent chance to run to 1.60 tomorrow.

There is no guarantee but the risk is low...
Comment: I know it's frustrating that this stock doesn't want to rally.
Oil has at least 4 weeks to rally ( maybe 6) so sooner or later we will see the price above 1$.
I'm waiting patiently.
Comment: It seems to be starting finally.
Any update on this? Iv been holding patiently haha
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When oil starts to rally to (hopefully this week) 50$. THat will be the chance for ARP to pop.
I still have this one also.. We need just one big day...
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Is this still a good buy? Thanks for posting BTW!
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The current pattern looks similar to 4th of March...
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Exactly. I think when oil breaks above the 200 EMA this week maybe tomorrow maybe Thursday - end we have a strong short covering rally
ARP will produce nice gains. (At least to 1.19)
+1 Reply
CyBriz chartwatchers
let's say if the price reaches 1.19 or above will you straight away take profit ^^?
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Yes. It was a one day pop last time...
I dont want to risk too much on this one.
All the others are trending nicely. (VALE,CLF,SXE) this one is suffering ...
But a strong rally in oil wil help to pop.
+1 Reply
I just took the May $1 call options. 15 Contracts @ $0.07 per option. Such small risk :D
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SMART!
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dimitriosb602 PRO chartwatchers
Increasing my positions on my energy trades...
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