Marthon Oil looks like a solid candidate for a wave ((iii)) of (iii) advance. The decline from Aug '14 to Feb '16 is a clear 5 wave impulse. The impulsive decline fits nicely as wave C of a larger A-B-C flat pattern. The recent price action making a couple higher highs and lower lows with the context of a completed larger corrective pattern suggests this is a 1-2...
MRO - January 5, 2019 - Trade Setup MRO has recently trend reversed and successfully broke over the 20ma on a retest on Friday. With a RSI midline bullish break and a favorable Macd, it has a chance to move to the 50ma at 16.36 with a break over previous candlestick resistance at 15.70. Other price targets at 17.81 and the 100ma at 18.80 for a swing.
After a week completely off, I'm ready to collect some profit. Marathon Oil one of them. My TP was already hit and probably is going lower, but I'll keep an eye for a buyback around $14.76 or $11.78. My PV for this asset is currently at $24, while Wall Street consensus is about $26. However, at $21 would be my target. Learn how to beat the market as Professional...
MRO had a run up from 14.50 all the way to 22.00 from March to May 2018. Since it has been consolidating between 20-22. This has formed a longer term potential bull flag. Strong resistance at 22, and moderate support at 20. Try to catch one last dip from 21-21.50 with hopes of the bull flag break out. If this doesn't pull back to 21.00 then we can look at playing...
Now that we made - hopefully - profit to the up side; it is time for price correction and go a little bit to the down side. Now that the news came out the the great oil rally of 2018 could be coming to an end due to OPEC may be pumping more oil and the proposed U.S. sanctions against Iran and that the U.S. has more oil invetory than expected. At the top of the...
Nice little setup on the monthly for those looking for a longer term hold!
MRO this stock instrument is trending higher, making new highs each day The green arrows on the momentum oscillator confirm the present trend direction Our scripts are engineered and meant to be enabled in real- time follow us for free 7 Day access
MRO this stock instrument is making new daily highs everyday The momentum oscillator displays green up arrows which confirm the present trend direction we design new innovative educational scripts for traders to win follow us for free access
NYSE:MRO MRO stopped right over 61.8% of fibonacci level. Is it gonna continue or not? It doesn't have that much of a range that make the investors interested but at this level! I'm interested now. Last 5 minutes today volume went up crazy while it was going down, 60K. Almost three times the regular volume for other 5 minutes candles. Does the last 5 minute...
MARATHON OIL CORP ($MRO) See chart for the many numbers of reasons this will be successful. Virtually no over head resistance. Weekly - Is a key indicator that this Asset will Make a Run! Weekly Chart in process of Elliot Wave 3
From the chart it can be seen that both momentum and volume are increasing and an uptrend is likely on it's way Note: This is not an investment advice!
A potential long opportunity if prices break and hold above 16.90
Nice double top has formed. waiting for 3/4 pullback to the 61.8 or 78.6 retracement to go short. This will be conjunction with the underlying trend.
Nice double top with a 3/4 pull back to the 78.6 retracement(natural movement in price). I entered at the 61.8 retracement and profit target is the 1.50 retracement.
MRO makes new higher high Trend reversal confirmed. Hit first target but not overbought. Bollinger Band and Force index maintained +ve. Expect to retrace to find new support before move to next higher target.