Oil averages completing final stages of complex inverse H&S; MRO is behind the curve of many O&G stocks; measuring rule implies 42% increase from neckline w/ PT at 23.4
Trying to hold first support, could easily see 14 if breaks through. Looking for a long
Big Picture: MRO has retraced 69% (81 days) of its $8.73 decline from $19.28 to $10.55 (250 days). Coming off this strong retracement, MRO has pulled back $2.23 (37%) to a low of $14.36, and is now showing signs of continuation. The Signal: On 11/24, the 10-day RSI closed above the highest 10-day RSI value of the pullback. Also on the 11/24 close, an EMA...
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES DETAILS ON THE CHART DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
On November 07, 2017 MRO had a high wick reach $16.59 before closing down for the day. I believe this to be a good resistance line for now due to that same price range (give or take a few pennies) acting as Resistance in April 2017, March 2017, February 2017, November 2016, September 2016, August 2016, and September 2015; as well as acting as Support briefly in...
With oil in a strong downtrend I am taking a contrarian stance with a bullish call debit spread in Marathon. IVR is terribly low and it is not the Tasty Trade way of selling premium. MRO was down another 3% today and IVR is 10.4% when I purchased the 12/15 call DEBIT spread all the way out til Jan. for $1.18 I looked at other oil companies BP, RDS, COP but...
Marathon Oil Corp. $11.31 July 13th 2017 Energy has underperformed the S&P 500 by -21% year-to-date. Marathon is down -35% and trades at a 22% discount to tangible book value, despite being relatively well positioned to withstand lower crude oil prices (figure 1). At 6.2x EV/EBITA (9.0x sector average), there are signs that patient investors will be...
MRO Broke to the upside of a Market Profile Pattern. Expect follow through from here....
To much gasoline is produced and stored in world, leading to lower prices at pump. I believe gasoline will be lower rest of year and possibilities into 2019. On chart is a range of $14.00 down to $8.00, where MRO shares were trading, not to long ago.
Interesting bounce off support there. Will it hold above that RSI trend line?? Let me know your thoughts! is $50 dollar oil already factored into price?
Reaching the resistance of the Ichimoku lines very probable and that will put us ITM on the 13.5 strike. Option expiring on the 23 of June.
At the mentoring group we called it a "Mountain". To me, this is just a buyers zone. But it doesn't matter how you call it. It matters, how you use it, and what you are aware of, IF you use it. Because this zone could get washed in a blink... That's why it is always a good idea to first observe, and then let the market yell at you, if there is a potential entry...
Not one of my better charts. Not too much going on with it. I would choose to not trade it (in a perfect world), especially after today's price collapse of 7%. gap strategies are you best bet for trading this one.