MRO on the intraday is showing signs of Bullish Divergence on both the MACD and RSI at the potential HOP level of a Bullish Bat. If this plays out I think it could make a move up towards $25
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Today, what has started off as being an intraday setup, has hopped over to the Daily timeframe. MRO today confirmed a Bullish Harami at the HOP level of this Bat and it aligns with Horizontal Macro Support which may result in a breakout of a greater Falling Wedge Pattern:
Thanks for this. I uploaded an idea mentioning MRO for the reason of the situation in the Middle East making oil prices rise and MRO is relatively independent of significant shipping through the Middle East should make it a good candidate to benefit from rising prices without rising shipping costs. I have taken a position of 100 shares as well as one put contract for insurance.