WallStScalper

A possible 5 dollar trade in APC - with break of neckline

NYSE:APC   ANADARKO PETROLEUM CORPORATION COMMON STOCK
IHS is setting up

This chart is made for the FREE BLOG at our website.

APC             is setting up an IHS             -though not symmetrical. A timeline for possible breakout has been drawn in to show where a symmetrical breakout could be expected.
It's not to say by this chart if we will see a deeper pullback as it happened on the left shoulder. Indicator not showing divergens so no clear indication of direction.

As always...only becoming a valid pattern with a decisive break of neckline.

Resistance right now at neckline.

Target: 67.60ish

Oil             sector

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