I think the sell off for Apache Corporation (APA) was overdone.
Good opportunity for either a SHORT Feb Â Vertical PUT or a SHORT Mar Vertical spread.
What do you think?
TIBX is making a very nice move again.
This is one of the longest position that I have held.
We can see that the Chikou Span suggested a support level of around $19 and the despite the drop in December, the Chikou Span did not pierce through the price level there.
The price consolidate near $19 and bounce off the kumo support on high volume. This is a good sign for the stock.
Next target is for it to break 52 weeks high.