Although holding strong through last weeks 3% S&P correction, APA has pulled back off of it's post earnings highs. After starting a minor downtrend, we have seen a nice bounce of resistance and are forming a bullish engulfing candle. If we can rally into the close, I see a breakout of the topside descending resistance line.
Investment time frame: 3 days PT: $104.50 -----Contingent on price closing higher than Fridays open
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