Swing Trading the Anadarko Petroleum (APC) Chart Set-Up.
Anadarko has sold off considerably, but it has sold off to a predictable support area on the weekly chart.
It is highly probable that the support area of the chart holds for an excellent reversal in trade.
The historical symmetry of trade on the weekly chart agrees, as does the MACD and Stochastic RSI.
There is even some time-cycle symmetry, albeit a bit loose, but it is there.
About Anadarko Petroleum:
Website http://www.anadarko.com/
Anadarko Petroleum Corporation (NYSE:APC), Skandinaviska Enskilda Banken AB (publ.) (OM:SEB A) Stock Valuation & Investor Review https://hawthorncaller.com/anadarko-petroleum-corporation-nyseapc-skandinaviska-enskilda-banken-ab-publ-omseb-a-stock-valuation-investor-review/
Anadarko Petroleum Earnings: APC Stock Dips on Q4 Profit Miss https://investorplace.com/2019/02/anadarko-petroleum-earnings-apc-stock/
How to trade it?
Wait for the MACD to turn up (it is pinching up now on the weekly chart), the Stochastic RSI was high every other occasion the stock reversed for a bullish run (like it is now). take a long entry with tight stops on a lower time frame (15 minute or even 5 minute) and if you get stopped re-try each time it looks like it will start to run.
If it doesn’t reverse for a nice bullish run up with excellent historical returns you know your risk reward was well within a rule-based process.
This is a very attractive set-up that is high on my watch-list this week.
It closed the regular trading session on Friday at 44.40 and could easily run in to mid 75.00 area Feb of 2020 (next year).
This is a very attractive set-up that is high on my watch-list this week.
See the trade set up in Anadarko Petroleum below: The symmetry (green), the time-cycle inflections (green vertical lines), the chart indicators being Stochastic RSI and MACD (marked with white arrows).
ANADARKO PETROLEUM CORP (APC) How to Swing Trade the Anadarko Stock Set-up #swingtrading $APC
Below I charted the price target for March of 2020 for Anadarko and marked it with red circle on the chart and trajectory arrow (green) for a possible bullish reversal set up from historical support on this trade. Very structured trade set up with high probability of excellent return with very low downside risk if you manage your stops properly.
ANADARKO PETROLEUM CORP (APC) Price target for bullish trade in to March of 2020 #swingtrading $APC
Trade Set Ups Video for Swing Trading Earnings Season Friday January 18, 2019.
Swing Trading Stock Signals in Video: $MS, $AXP, $C, $SJR, $BAC, $DAL, $NFLX, $VIX, $SPY …
Email us at [email protected] anytime with questions about any of the swing trade set ups covered in this video. Market hours can be difficult to respond but we endeavor to get back to everyone after market each day.
The video below references the previous swing trading report (click on title below).
Charts that support the set-ups that you see in the video are available on the previous swing trade member report.
Voice broadcast starts at 0:30 on video.
This video covers the trading set-ups in the equities listed above.
Topics; #SwingTrading, #Earnings, Stock, Signals, Video, $MS, $AXP, $C, $SJR, $BAC, $DAL, $NFLX, $SPY, $VIX