Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $APA exceeds Frisay's high of $44.17 during tomorrow's session.
1 Day timeframe:- Rising wedge
4 Hours timeframe:- Consolidation (support zone)
BB:- Previous 2,3 candles are outside of lower line
Setup:-
Go long after breakout of CONSOLIDATED ZONE and Gap window get filled.
APA ready to roll over and crash here in tandem with USOIL.
2 ascending channels here with PA rising out longer term wedge to form a narrow and corrective ascending channel.
The channel has already broken to the downside to fall back into the larger ascending channel which will most likely also break to the downside.
Could be with impulse and a probable gap...
First wave: 8 to 16. We can see how strong AA was to make +100% gains in about 10 months
Second wave: 16 to 24. It took another 10 months for +50% gains
Third wave: 24 to 31. APA made another +30% in two months
Fourth wave: 31 to 44. The highest gains could be +42% in 3 months
Although we did not participate in the entire rally from the bottom 8 or waves 1-3,...
We seem to be showing some weakness on the RSI and MACD in the form of Bearish Divergences.
At the same time we are at the supply line of a Rising wedge Visible on the Daily and Higher Timeframes.
We have printed a Dragonfly Doji at the Highs and if we close Bearishly today it will be an Evening Star Doji Confirmation. I'm expecting about a 30%-60% Decline from here.
Again, special request by a follower to do BTE .
APA stock trades on US markets. It is part of the S&P energy sector Index.
Left hand side graph shows a confirmed Ascending Triangle on the daily with a possible total gain of 96% and a price target of 47$.
Right top graph shows an ascending triangle (Not confirmed) on the weekly with possible gains of 121% for a...
In this video I would like to share my thoughts on TA on APA Corporation. Chart is a bit extended on weekly and hits roght now support/resistance also on weekly creating H&S formation on daily.
The paper successfully tested a new height and is moving higher. Fundamental factors are on its side. It traded. I recommend to take with fast targets to 33.
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Rejected at supply
Increased selling volume
Huge bearish engulfing candlestick
Divergence on RSI
Strong support around 19.50 (Green dash). it could bounce there or head back to weekly channel (Yellow lines ) around 15$
Apache (APA) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the underlying...
APA Corporation APA stock is still showing more strength recovering from its previous losses with a more upside potential to go.
Entry: 18.70
Target: 20.00
APA Corp. explores for oil and natural gas through its subsidiaries. It produces oil and gas with operations in the United States, Egypt and the United Kingdom, and exploration activities offshore in Suriname. The company was founded in 1954 and is headquartered in Houston, TX.
NASDAQ
![APA: Apache (APA) - [M1] - HODLING LONG & STRONG](https://s3.tradingview.com/h/HnHcz8YI_mid.png "Apache (APA) - [M1] - HODLING LONG & STRONG")
