chartwatchers
Long

Trade Idea - Atlas Resource Partners

NYSE:ARP   ATLAS RESOURCE PARTNERS LP
566 25 18
7 months ago
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...
7 months ago
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.
7 months ago
Comment: It seems to be starting finally.
CyBriz
7 months ago
any valid reason?
Reply
chartwatchers PRO CyBriz
7 months ago
6th sense.
:)
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CyBriz chartwatchers
7 months ago
hahah...nice ^^!
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Gwoog
7 months ago
I like this trade. Just a matter of waiting. What about volume? Should we see an increase in volume?
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Comparing REXX and ARP.
A month ago REXX was faster a than ARP also.
THe same thing is happening now
snapshot
.
One or two days. And I will post:
BOOM !
+2 Reply
AL_G chartwatchers
7 months ago
great work especially when it's backed up with evidence of charts
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chartwatchers PRO AL_G
7 months ago
If oil stays here it will pop up tomorrow or Thursday.
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AL_G chartwatchers
7 months ago
do you have a website, twitter or blog
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chartwatchers PRO AL_G
7 months ago
Website under construction.
I will add my twitter it will be easier to post the trades in real time.
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matchpilot chartwatchers
7 months ago
I like this trade idea! Did you go long yet?
Is it a good idea to enter a limit above it's current price? Right now it's 0.79 so would it be wise to set a limit at 0.85 when entering?
Reply
chartwatchers PRO matchpilot
7 months ago
I've entered today.That is also a possibility . To enter when it breaks out.
It will make a big pop...
+1 Reply
matchpilot chartwatchers
7 months ago
I think I'll try to set a limit at 0.85 since it looks like it might be trying to form a double bottom before the spike.
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dimitriosb602
7 months ago
Thank you for the trade idea.
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AL_G
7 months ago
Shit not sure if I should keep it now. Oil flat but Arp not moving like I want.
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TheFXNow
7 months ago
I just took the May $1 call options. 15 Contracts @ $0.07 per option. Such small risk :D
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chartwatchers PRO TheFXNow
7 months ago
SMART!
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dimitriosb602 chartwatchers
7 months ago
Increasing my positions on my energy trades...
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TheFXNow chartwatchers
7 months ago
Any update with the way oil is going and with all this bad US economic news?
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CyBriz
7 months ago
The current pattern looks similar to 4th of March...
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chartwatchers PRO CyBriz
7 months ago
Exactly. I think when oil breaks above the 200 EMA this week maybe tomorrow maybe Thursday - end we have a strong short covering rally
ARP will produce nice gains. (At least to 1.19)
+1 Reply
CyBriz chartwatchers
7 months ago
let's say if the price reaches 1.19 or above will you straight away take profit ^^?
Reply
chartwatchers PRO CyBriz
7 months ago
Yes. It was a one day pop last time...
I dont want to risk too much on this one.
All the others are trending nicely. (VALE,CLF,SXE) this one is suffering ...
But a strong rally in oil wil help to pop.
+1 Reply
XTAL.ball
7 months ago
Is this still a good buy? Thanks for posting BTW!
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TheFXNow
6 months ago
Any update on this? Iv been holding patiently haha
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chartwatchers PRO TheFXNow
6 months ago
When oil starts to rally to (hopefully this week) 50$. 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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