First off, please don't take anything I say seriously. As always, this is on opinion based basis. That being said, let me get into a few key points. Apache Corporation have recently been bearish as a result of the period we are in and the demand in oil going down. I believe realistically, if somehow they have a positive earnings call, they can quickly surpass the...
APA is approaching our first resistance at 34.25 (horizontal overlap resistance, 100% fiboancci extension, 38.2% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 25.66 (horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
