MUR 3/31 - MURPHY OIL CORP Potential to grow again to $18.97 (3/4). Price very Cheap and hold it. We're going to start seen grow and profit at soon the coronavirus disappear. Different between: 18.97 - 6.18 = $12.79 per share Excellent Profit!!!
Holding weekly cloud, stop below. Also major consolidation above 2016 lows.
Inverted HS within symmetrical triangle. Neckline has been penetrated and closed above 3% of NL showing pattern valid. After nice retrace within 4% of NL its ready to resume trend. Upside potentioal > 19% or $5.5 increase.
Stochastic divergence channel line bounce. Should follow through and move to the top of the channel.
So I consider todays fall as a consolidation.
... after alltime low, i.e. no forecast possible. One can only assume that the energy values are knocked out and Murphy shall fall further.