MUR 3/31 - MURPHY OIL CORP
Potential to grow again to $18.97 (3/4). Price very Cheap and hold it. We're going to start seen grow and profit at soon the coronavirus disappear.
Different between: 18.97 - 6.18 = $12.79 per share
Inverted HS within symmetrical triangle. Neckline has been penetrated and closed above 3% of NL showing pattern valid. After nice retrace within 4% of NL its ready to resume trend. Upside potentioal > 19% or $5.5 increase.
Murphy Oil is in a consolidation pattern at the high of a very bullish run
Bullish Scenario: MUR clears 67.07 heading for target area at 73 and extends the move
Bearish Scenario: a failure of 65.70 would indicate the possibility of further selling as it pulls back towards support in the 60 area