NYSE:MRO
Possible Scenario: LONG
Evidence: Price Action,
This is a very good stock for your long term portfolio, $XLE is bullish too.
TP1: 13.29$
TP2: 14.33$
TP3: 16.13$
Call options, strike 13$, 11/19/2021.
Call options, strike 15$, 11/19/2021.
*This is my idea and could be wrong 100%.
C Wave confirmed and we are looking at the most likely extensions and Fib points of convergence. We believe this one is going to rise in the near future given the probabilities. Check DMI, Jurik's RSI for technical evidence of the fractal picture we are suggesting.
We are not in the business of getting every prediction right, no one ever does and that is not the...
//Targeting Metrics//
Bullish Elliot Wave will end at ~$20 on 01DEC2022
Marathon Oil has taken steps to improve earnings by cutting cost for the year 2021, that which is reflected after analyzing and comparing this company’s financials quarter-to-quarter. MRO currently benchmarks in the 91st percentile in the crude petroleum and natural gas sector. MRO’s share...
The price has made the due correction of the July high.The weekly EMA has held and after a hammer in August the price has risen again in September. This is a confirmation of the break of the 2020 range and the rise that has started in November 2020.
Another energy stock. They just keep showing up.
Ascending triangle on the weekly chart, not confirmed yet.
If confirmed:
Price target = 31.45$
Stay Humble, Have fun, Make money!
OIL has been on fire lately. Hard to ignore it's continued strength. I am looking for a pull back entry as it pushes up to the 618. Would like to see a pullback tomorrow to the green box and the a move back up. The targets would be the 618/786/886. If price gaps into the 618 there will be no trade until it pulls back . Price must hold above the green box for...
About a week ago, I posted that shorting oil may be a great idea.
Up $1700 in profits in the paper trading account.
It still has room to fall in the mid-term, but short-term we may see a small bounce.
