MARATHON PETROLEUM CORPORATION COMMON STOCK NYSE:​MPC

Bearish divergence on the Weekly in an ascending wedge looks like the 2 year bull run is coming to a close. Left shoulder and half the head has been made Buy with caution over the next year.

L

MPC is looking to breakout to new highs on the daily and weekly charts from the wedge formation. Also has completed an inverse head and shoulders pattern. Looking to continue upward toward the $92 mark, with a stop loss at $83.50

$MPC Marathon Petroleum - Headed for a close above neckline resistance. Expecting continued follow through into next week. Medium term target $95-$100 area possible by next ER late October. Note: Informational analysis, not investment advice.

many pipes and refineries... what we need in the next few months.

A great reminder when posting an idea / realizing a setup has potential - chart duration should play a huge role in that lol. A lot can happen in 4 hours that can't happen in 30 min etc., I say this as I go over all old personal screenshots saved w/ this strategy to see what I missed, or if there was something shown for shorter duration charts that weren't ...

LEVELS TO WATCH

Prices have not yet pushed through the 24% extension of the preceding range, which is necessary to confirm that a larger move higher is underway.

Very bullish action here as we clear LT resistance and a big volume push on Friday headline. Sustained RSI helps confirm breakout. Entry would be long half position with a tight stop around 63 based on the daily chart: https://www.tradingview.com/x/gSN1DjoQ/

SHORT

MPC has been forming a flat base with a potential buy point of 54.69, but a more aggressive trader could enter at 53.65-53.75. Happy Trading! mpc

Watch for weekly close above he orange resistance line. RSI needs to continue to find strength. Watch that MACD Cross. Not sure how strong that signal is.

$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 ...

She wanted to breakout so bad. Hate to see nice setups like this fall apart. Thanks OPEC.

Added more to my short position for this triple top in $MPC. Long put options. Way overbought. Self explanatory. Have fun.

If oil takes a significant dip overnight, I will be short MPC. I don't think there is any fundamental to support this stock to the upside anyways, so I am shorting calls. Plus I am not much of an options buyer unless to trying to hit a home run. The blue line represents options expiration day. These are 4h bars. Important to note that NOT all refiners are ...

Buy them TODAY. They are cheap today. Good luck.

Look guys, this is the same Fib retracement that has HELD since the Jan-Feb selloff. Do not take my word for it. Look at my previous predictions, load the new data, and see how much money was made. MPC has had a history of bucking the market. When SPX was down 2%, this was down 7%. When SPX was up 3%, this was up over 8.5%. This is a lower liquidity, higher ...