$APA with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $APA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
APA trade ideas
BOLLINGER BANDJohn Bollinger invented the Bollinger Bands, which are a sort of price envelope. Bollinger bands help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving average. Bollinger Bands are price envelopes drawn at a standard deviation level above and below the price's simple moving average. The bands respond to volatility fluctuations in the underlying price because their distance is based on standard deviation. Bollinger bands are used to evaluate if prices are relatively high or low. They're employed in pairs, with upper and lower bands, and with a moving average in between. The indicator's main line is a simple moving average (SMA). This charting software defaults to a 20-period chart, which is sufficient for the majority of traders. At 7/6/2022, the price reached the top at the band at 51.91. After that, As can be seen, the price has settled back into the middle of the bands. Then at 21/6/2022, the price break the Lower band. This information help me add context to trends and potentially determine when they might be overextended and reverse. When it does, probability theory assumes the security price is likely to revert back to a moving average, or mean, between the upper and lower bands. This is called mean reversion and this is use as trading decision for me. Then I set a Entry/ Buy price at 39.89, Target Profit near the middle at 43.13 and Stop Loss Below the Lower Band which are 35.76.
FALLING WEDGE PATERNWhen the price of an asset moves in an overall bullish trend before correcting lower, it forms a falling wedge pattern. Two converging trend lines are drawn within this pullback. When the price action bursts through the upper trend line , or wedge's resistance, the consolidation phase finishes. In a clear uptrend, the most typical falling wedge formation occurs. The price movement continues to rise, but the buyers lose pace at one point, allowing the bears to temporarily seize control of the market action. The falling wedge pattern is a technical pattern that indicates the end of the consolidation phase, allowing for a lower pullback. Falling wedges , as previously stated, can be both a reversal and a continuation pattern. Both continuation and reversal scenarios are bullish by definition. We focus on the essential parts of a trade: entry : 41.12 , stop loss : 40.81, and take profit : 44.32, as well as the overall risk connected with this trading opportunity, once we find a falling wedge that meets all criteria.
Descending TriangleThe descending triangle pattern usually appears at the end of a decline or following a downtrend correction. However, it can also happen during an ascent as a consolidation. Price bounces off the support level at least twice, forming the pattern. After the end of a retracement in a downtrend, the pattern is completed. A significant bearish momentum-led slide is triggered by a negative breakthrough from the support. A falling triangle's breakout is usually triggered to the downward. The distance between the initial high and the support is measured. This calculated distance is then projected to the downside, allowing the target price to be determined. Traders can sell short at the time of the negative breakout, with a stop-loss order set a little higher than the highest price reached during the triangle's construction. From here, I set at the date of 15/6/2022 at entry price at 45.73, Stop Loss at 49.38 and Target Price at 43.05. Means I got a 3.48% profit when it touched the Target Price.
RISING WEDGEA rising wedge is a bearish stock pattern that starts out wide at the bottom and narrows as the trading range narrows and prices rise. This implies a slowing of momentum, which normally precedes a downside reversal, allowing traders to see potential selling opportunities. When a stock consolidates between two converging support and resistance lines, it forms a rising wedge chart pattern. When a stock is in an uptrend or decline, rising wedges might form: When a stock rises, it indicates that traders are rethinking the bull market. When a stock is sliding in a downtrend, it is really a temporary break before the bear market resumes. From this patern, the entry price which is trading sell is 46.17. While the Target Price is 44.32 and the Stop Loss is set as 49.38.
Support & ResistanceSupport is a price point below the current market price that indicate buying interest. Resistance is a price point above the current market price that indicate selling interest.
The Price Now Is Exactly near to support line, and this is the best timing to buy and get profit when it Hit the TP price. The entry price is at 46.17 which now at the middle between Resistance and Support. Then its predicted to raise and Hit the TP Price which is 47.97. But when the price keep decrease, we have set the stop loss at 44.51 to prevent the loss to keep increase.
FALLING WEDGE PATERNA bullish pattern is the collapsing wedge. These two patterns, when combined with the rising wedge formation, make a significant pattern that signifies a change in trend direction. In general, a falling wedge pattern is thought to be a reversal pattern, yet there are instances where it might help a trend continue. When the APA stock price moves in an overall bullish trend before correcting lower, it forms a falling wedge pattern. Two converging trend lines are drawn within this pullback. When the price action bursts through the upper trend line, or wedge's resistance, the consolidation phase finishes. As the channel proceeds, the volume decreases. Also the characteristics of the falling wedge patern. In a clear uptrend, the most typical falling wedge formation occurs. The consolidation phase begins in the second phase, bringing the price action lower. On the daily chart above, we can observe the APA Stock Price. The price activity is on an uptrend, with new short-term lows and higher highs. You can see how the volume is decreasing at the same time. Then, focus on the essential parts of a trade which are entry, stop loss, and take profit, as well as the overall risk connected with this trading opportunity, once we find a falling wedge that meets all criteria. Later on, we enter the market at 46.00. Then set the TP Price at 48.02, the the price hit the TP price it will automatically close with profit. However, if the price keep decreases we will bear the loss but we need to minimize it so we create a stop loss at 43.75.
Support & ResistanceSupport is a price point below the current market price that indicate buying interest. Resistance is a price point above the current market price that indicate selling interest.
The Price Now Is Exactly near to support line, and this is the best timing to buy and get profit when it Hit the TP price. The entry price is at 46.77 which now at the middle between Resistance and Support. Then its predicted to raise and Hit the TP Price which is 49.36. But when the price keep decrease, we have set the stop loss at 42.93 to prevent the loss to keep increase.
Long scalp $APABased 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.
APA - Patterns Within PatternsAPA 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 down to start the week.
RSI falling into lower quadrant also revealing bearish impetus.
Not advice.
Just my Analysis (Not a advice)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.
2022 Actual Trade: APA +26% Profits
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 caught wave 4 with +26% gains in 2.5 months.
Apache APA Short (Long Put)Buy July 15 2022 $20 Strike Puts for Apache NASDAQ:APA .
Category: Beyond Technical, Wave, Cycles, Gann.
Rising Wedge with Bearish Divergence and Evening Star DojiWe seem to be showing some weakness on the RSI and MACD in the form of Bearish Divergences.
At the same time we are at the supply line of a Rising wedge Visible on the Daily and Higher Timeframes.
We have printed a Dragonfly Doji at the Highs and if we close Bearishly today it will be an Evening Star Doji Confirmation. I'm expecting about a 30%-60% Decline from here.
ROC 30 on APATest of 30 day ROC on APA. important to see the rate of change on price in order to rank stocks on momentum basis.
Buy APA 13/12/2021You can buy APA target 31 stop loss 24
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
APA: Ascending triangle (96%) and (121%)Again, special request by a follower to do BTE .
APA stock trades on US markets. It is part of the S&P energy sector Index.
Left hand side graph shows a confirmed Ascending Triangle on the daily with a possible total gain of 96% and a price target of 47$.
Right top graph shows an ascending triangle (Not confirmed) on the weekly with possible gains of 121% for a price target of 73$ .
Finally, the Energy sector is shown on the bottom right graph (weekly chart). Again, an ascending triangle (not confirmed) with possible gains of 77%. This reinforces the possible all possible gains . Energy sector has to break the 460$ resistance level to confirm.
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APA is bullish here, Good entry. RSI is curling upAPA is bullish here, Good entry. RSI is curling up.
Short on APA possible after break of short term uptrendIn 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.
APA- Elliott Wave 3 is over ,Now on Wave 4
APA - Enjoyed the Wave 3 ride.
It will fall down through wave 4.
Apa needs oil to keep it upGot rejected here at weekly resistance. It's going to need oil to crack 90 a barrel to break through this area here
BuyThe 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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APA LongWeekly Downtrend breakout + re-visit
Double bottom + Re-test
Wave2 with lower volume
SMA20/40 as support
Entry 18
Stop 14
Target1 33
Target2 48
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
