MRO - Call Opportunity
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 the break of 22 for a potential multi-day run to 24+.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.