Long
MRO Trade Setup - Trend Reversal Swing
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.
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.
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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.
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.