MPC - Inverted H&S Along UptrendMPC has formed a little and a larger inverse H&S both along an uptrend in green Using this Inverse H&S assumption we can conclude that price will return to the green trend line to form the right shoulder of the larger H&S by Bixley223
MPC - Still a long way to go to find harmony and balanceMPC (along with all refiners) appear considerably cheap to replacement value. MPC's chart pattern indicates it has placed in an upward sloping wedge formation. PetroChina building refining capacity to the tune of $70,740 per refined barrel. This is above the industry average of $32,800. With these new figures in place, industry replacement value offers a substantial upside. Cash Flow, Share Buy-Backs, Cash Levels are all strong! Longby The-Trend-is-the-Friend1
MPC - Earnings play. Expected to increase Q/Q by a wide margin1 1/2 month H&S bottom bullish pattern. Pull backs light and normal. Today's print is a hammer candle. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark RitchieLongby pangx623111
MPC oil going to $65 global slowdown on the horizon$7 a gallon gasoline here in California, layoffs have begun, 6.5-7% interest rates on a 30 year mortgage, demand will slow as the layoffs pick up speed and worldwide slowdown has begun. Too many have been crowding the energy trades and longer term oil will be much lower. MPC has experienced a dead cat bounce likely nothing more....Shortby ShortSeller76Updated 10103
MPC Strong rebound from Fibo, possible more upside?? MPC has rebounded strongly from pullback to 50% Fibo at 82.27. Potential upside if breakout and stay above trendline @ $83.21. Looking at multiple profit levels upside. Potential TP @ 89.71 / 96.54 / 102.98 / 104.7 / 109.27 / 112.52 and 114.06 DisclaimerLongby eric_melt0
MPC WAY OVERBOUGHTPurchased 110 July 8th $110 puts. Overbought on many daily/ weekly indicators including weekly rsi of 90!!! 95 stochastic, to Bollinger band pierced. Shortby ShortSeller76Updated 3
$MPC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MPC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%. Longby EPSMomentum2
BOgapping up premarket.. don't chase.. wait.. maybe an ORB.. or a pull back back to where price has been before.. Longby cdarbonne3344330
7/3/2022 NYSE MPCDesicion to Buy. Entry Price = $77.80. Target Price=$79.30. Stop Price=$76.30Longby Airecap_SuperUpdated 0
4/3/2022 NYSE MPCDesicion to Buy. Entry Price = $77.70. Target Price=$79.20. Stop Price=$76.20Longby Airecap_SuperUpdated 0
10-15% in the next 2 weeks opportunities..!Entry: at the opening price Stop loss: 74.7 Reward/Risk: 2 Target range: 88-90 Time Frame: 1-2wks Possible gain: 10-15% Possible loss: 5% Position size: % of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.Longby Moshkelgosha11
Potential for quick turnaroundThis energy stock is nearing its previous month high where a gap also nests. Both could be used for a bounce. Especially if the oil prices continue in the current direction which I believe in.Longby OrcChieftainUpdated 1
MPC Long Large Volume Big Money Calls Large Volume of Big Money Calls in the $71 and $72 Strike Calls expiring on 1/14. Some were placed after the Market closed yesterday but the large bulk of them were just placed. This is not trading advice, just reporting on large call volumes.Longby mthompson450
MPC primed to go back to ATH over the next year.MPC primed to go back to ATH over the next year. MPC continued its trend of beating earnings 4 quarters in a row. Even though this time it was slightly less than expected, the stock dropped slightly, but only to the next Fibonacci level, which also happens to be the lower bound of the parallel channel it finds itself in. Some positive momentum and a high oil price will push this upwards. This is long term hold for me. Longby HolleyIG112
MPC Trending Higher Towards 75Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock MPC appears to have broken out from a symmetrical triangle setup, with the resistance line making lower highs of 65.30 and 60.50 and the support line making higher lows of 50 and 53.30. The stock broke 2 levels of resistance, one at the resistance trend line of the symmetrical triangle and the other at a horizontal resistance level of 65.30. Expectations are for MPC to continue higher and test the 75 price level. If the pattern fails, MPC can decline back below the 65.30 resistance. From a longer term perspective MPC is trending higher, with support observed around the 64.72 price level. Technical Indicators The technical indicators corroborate the bullish trending nature of MPC. The stock is trading above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is above 50 and the KST just recently had a positive crossover. Recommendation The recommendation will be to go long at market, with a stop loss at 64.70 and a target of 75. This produces a risk/reward ratio of 1.75. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Longby Ceddy86Updated 0
Marathon Petroleum Nears Breakout LevelMarathon Petroleum has been quietly sitting below resistance, and now could be approaching a breakout. The first important feature on the oil refiner’s chart is Thursday’s pullback to its 50-day simple moving average (SMA). Buyers immediately defended this level, which MPC battled for five weeks in August and September. It’s also noteworthy that prices bounced around the June high of $64.84. Is old resistance new support? Next you have the large outside candle on November 2. While bearish on the surface, it occurred because the shares jumped on a strong quarterly report. They were overbought at the time, but over the longer run investors may be more interested in the consensus-beating profit and revenue numbers. Finally consider the line around $69, which is near the peaks of October 2019 and last month. That may create the potential for a move if prices break out. This could be especially interesting given the macro backdrop, with increased travel as the economy reopens. Energy is also the best performing sector in 2021. Will there be bandwagon buying into the holidays and window dressing into yearend? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation9
Buy MPC 15/9/2021Stock above EXMA 200 and still in uptrend Stock is making higher low and tests the EXMA 13 and EXMA 34 So you can buy target 65.02 stop loss 53.62 Good luck by amr_youssef20
MPC: Potentially Fake Bearish Head & Shoulder Formation MPC is forming the right shoulder of a Head & Shoulders trend reversal pattern. Company in its latest earnings call has $9B planned for stock buyback at opportunistic prices. The buyback should mitigate downward trend as indicated by bearish Head & Shoulders pattern. Price should breach the previous shoulder high of $60.02.Longby TradingNeophyte0
Marathon Petroleum (MPC)- Concurrent Bearish HarmonicsMarathon (MPC) is flashing a short term and long term bearish harmonic patterns Specifically a Bearish Crab (short term) and Bearish Bat (long term), Ideally, we need a little longer extension for the crab say the $65.50 area. Crab patterns also can extend further than expected, I have also overlaid a USOIL plot. Directionally certainly a reasonable fit. I won't be in a hurry to short this puppy but with a break in the oil price MPC should roll over. MPC is expected to report strong earnings on July 29th As usual do your own due diligence and pay attention to oil's direction, S.Shortby Steve666Updated 0
Marathon PeteI like Marathon Pete to $70. On May 14th (TODAY), they announced a deal to sell 3,900 speedways to 7-Eleven and a $10bil stock buyback. Even with the supposed Anti-Trust crackdown that came about mid-day, the large stock buy back in it of itself is a catalyst to drive this higher. If there are no anti-trust issues, I think we have another leg higherby mvnicosia0
MPC call credit spreadMPC call credit spread Sold 56, bought 56.50, 2 DTE, 19% ROI Larger decline removed demand Sideways in a channel, generally trending down, so with trend in a channel Most recent decline penetrated half way into last strong demand Not entirely ideal, because of the liquidity search spike up into 55.28 on the decline, but the spread is above 1 supply and into the next. Price driving up hard past 1 sigma, into 2 sigma Spread structured into a supply shelf 2 dte so very good ROI for 2 days if I can keep itShortby claypuzzle0