MPC: Long term uptrend signal

Mar 14, 2017

MPC has an excellent long term uptrend signal at play here. If not long you should average in over 3 days at least, risking a drop to 43.42, or 3 daily average ranges down. Targets are 89.66 and potentially up to 143.09 in the long run, to be hit by or before Q4 2019.

My mentor, Tim West has been adamant about MPC's strengt, and so far he's been right. This stock has shown relative strength, selling off less than its peers and rallying more and with lower volatility, indicating that there are some big players involved, buying in the background.
Fundamentals are great for this company, and valuation is compelling, so it's a really low risk trade.
I'd reccomend holding this and PBF for exposure in this sector.

Good luck,

Ivan Labrie.

Apr 13, 2017

Note

Uptrend confirmed.

May 13, 2017

Note

It looks good now.

Nov 6, 2019

Trade closed: target reached

Target was barely missed at the top, the current rally has been good too, but the trend expired, not so safe to be long anymore, or to buy on weakness...