APA climbs cautiously - Analysis - 19-09-2023

APA Corporation's stock (APA) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock positive momentum, amid the dominance of the upward correctional short-term trend, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the resistance of 46.15, provided the support of 41.11 holds on.

Expected trend for today: Bullish