THIS IS NOT SHORT IDEA!!! Expecting a fall to 171,86 and rejection back to the final target. It takes time. Enter just after clear rejection on 4H chart. Then set conditional SL, if any two 4H candles closes below the SL zone, cutloss your trade. No rejection at 171,86 = no trade. Don´t fall to the trap by buying lower because the more favorable price. You will...
Using RSI, OBV (not shown) and other technical analysis, MPC looks like it needs to cool down and "could" be a nice short term trade.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Marathon Petroleum has moved sideways since the summer, but some traders may think the refinery stock will start running. The first pattern on today’s chart is the April 2023 high of $138.83, a new record at the time. MPC rallied above it last summer and has remained there since. That may suggest a longer-term breakout is occurring. Second, the stock has started...
I am bullish on oil and oil-related stocks nowadays. I estimate there will be short-term bullish move on MPC. it is on bullish zone
When you hit your TP take the profit & dont be greedy. Of course it may go lower, but then it again, it may not.
(31/1000) Bullish Pennant pattern on the weekly for MPC. Confirmed 30.71% possible gains. MPC (Marathon) is part of the S&P Energy sector which has built into an ascending triangle. Not confirmed yet though. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 and climbing 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and...
MPC (Marathon) following the overall trend in energy stocks. this particular stock is part of the S&P energy sector index. The daily graph shows a confirmed ascending triangle with price target of 106.93$ (Left graph). The weekly chart shows another ascending triangle on the weekly (not confirmed) with price target of 138.82$. Still needs to break the 70$...
Not much analysis needed with this. Setting new all time highs as we chart. Going higher.....
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 115/61.80%
On the chart, we can see a rising wedge holding its support, which we expect a breakout of. Overall, the energy sector have been performing extremely well during the last year, as a result from the Ukrainian/Russian war, but has been dumped big time during the first quarter of 2023, and we therefore expect the rest of the stocks from the sector to follow this...
The PEAD projected a bearish outlook for $MPC after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 20%.
I think there is an exponential zig-zag pattern formed on MPC!
The PEAD projected a Bullish outlook for $MPC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Marathon is a very strong long term, global issues aside. On paper its a fantastic corporation. With the increase dividends now and all the buy backs I wouldnt be surprised to see 160 early 2023. Right now, 109 roughly is a pull back, which is expected. Financials asside, all my analysis shows its about to POP. Its squeezing as I write this. Lets find out where we...
Consistent with our overall view of the market, and in particular - the oil & gas space - MPC is showing us a great risk / reward setup for a SHORT. How deep this thing will go, I cannot say - so there is no particular target in mind right now. Nonetheless, we will continue to monitor and provide updates when necessary. For now, Marathon Petroleum can be shorted...
With an overlapping wave structure since its inception, Marathon has seemingly finished Wave 3 of its apparent diagonal wave. With Wave 3 being longer than Wave 1, it should also be expected for Wave 4 to be longer in price length than Wave 2. This makes it very probable for share price to see a 50% shave over the next couple-few years. A drop below the yellow...
The PEAD projected a Bullish outlook for $MPC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 40%.