Long and short MUSA
Activation of the transaction only when the blue zone is fixed/broken.
Working out the support and resistance levels of the consolidation triangle.
* Possible closing of the transaction before reaching the take/stop zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change,...
Follow from previous post. It looks to me that we have had a side ways consolidation. (triangle in this case). We have a positive reversal in the daily RSI. Often in a H& S formation the two sides are about the save time length (horizontal arrows) which we have now. Target box given. Process your way.
Nice looking inverse head and shoulders. Maybe the 6th try to break up will work. Could use any close below the up channel as a stop. My personal target is around 148.
From Zacks.com
Murphy USA Inc. is a leading independent retailer of motor fuel and convenience merchandise in the United States. The El Dorado, AR-based company, in its current form, came into...
It is again coming back for the resistance couldn't break since March. It is above 20SMA (red) now, RSI should get above 61.50 accordingly.,
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Is it the end of the downtrend for the Murphy USA Inc (MUSA) stock ?
We can see a clear Triangle Breakout, plus a MA225 breakout, plus the MA50 crossing up the MA100
Is it time to buy ?
Murphy USA, Inc. engages in marketing motor fuel products and convenience merchandise through retail stores, namely Murphy USA and Murphy Express. It collaborates with Walmart to offer customers discounted and free items based on purchases of qualifying fuel and merchandise. The company was founded on March 1, 2013 and is headquartered in El Dorado, AR.
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