Antero Attempting Rectangle Breakout
Antero Midstream is working on its 4th weekly close above the upper line of a rectangle pattern. Price is trading above all of its MAs with all MAs in bullish order indicating a bullish trend for price.
The PPO indicator shows the green PPO line rising above the purple signal line which indicates bullish momentum in the short-term. Both lines trending above the 0 level indicates bullish momentum on an intermediate to long-term basis.
The TDI indicator shows the green RSI line trending above the 60 level which indicates a short-term bullish price trend. Going forward we want to see the RSI remain above 60 to sustain this potential breakout above the upper line of the rectangle pattern.
Assuming that natural gas and oil have bottomed and continue to move higher AM should benefit from the rising trend.
The PPO indicator shows the green PPO line rising above the purple signal line which indicates bullish momentum in the short-term. Both lines trending above the 0 level indicates bullish momentum on an intermediate to long-term basis.
The TDI indicator shows the green RSI line trending above the 60 level which indicates a short-term bullish price trend. Going forward we want to see the RSI remain above 60 to sustain this potential breakout above the upper line of the rectangle pattern.
Assuming that natural gas and oil have bottomed and continue to move higher AM should benefit from the rising trend.
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