Apache Corporation (APA) : Selloff overdone

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?


F5 Networks (FFIV) : Gap down below kumo!

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.


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.