Bullish Engulfing Candle Forming

Although holding strong through last weeks 3% S&P correction, $APA has pulled back off of it's post earnings highs. After starting a minor downtrend, we have seen a nice bounce of resistance and are forming a bullish engulfing candle. If we can rally into the close, I see a breakout of the topside descending resistance line.

Investment time frame: 3 days
PT: $104.50
-----Contingent on price closing higher than Fridays open