I think the sell off for Apache Corporation (APA) was overdone.
Good opportunity for either a SHORT Feb  Vertical PUT or a SHORT Mar Vertical spread.
What do you think?
Tag: Propeller aircraft
FFIV open with a huge gap down from its previous drop due to its poor performance from previous quarter.
A very bearish outlook for FFIV with resistance around 115 – 116 region.
With the thick kumo above, it will take a lot for it to climb back up in the short term.
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Tibco Software (TIBX) : Kumo bounce off
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.