MRO MONTHLY Bullish Shark
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
USS trade ideas
it's going to 6$a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The channel can slant upward, downward, or sideways on the chart.
Buy MarathonOil is on the way to rebound. 53 dollar a barrel is insane. they need 35 to breakeven when we calculated last summer. on the other hand, everyone knows at the trading desks that 50 is a psychologically important number. when a security hits 50 or 100 dollar level its is less likely to drop below. not a rule of law but this phenomenon is so prevalent there is name for it = half dollar and full dollar breakout. MRO NYSE:MRO
MRO long Expecting a bullish Rally
currently its trading at $4.28
Buy Zone: $4.28 to $4.02
Target: 1st target $6.28 ... if its able to breakout $6.28 then the 2nd target is $7.28 to $8.48
Stop Loss: daily close bellow $3.75
MRO looking to break outMRO looks to be breaking out of a GoNoGo Squeeze to the upside while in a “Go” trend. After a period of reduced volatility that caused the GoNoGo Oscillator to ride the zero line for some time, buyers appear to have returned driving momentum positive. If price can consolidate above $7.50 look for a new high to be made.
We will see a big rise coming.With more stimulus coming and economy starting to run back normal next year this is a nice trade brewing. We have entered at $5 and plan to start taking profits at around $35.
MRO LONG Risk/Reward = 2Risk/Reward is not spectacular but still good. If it gets to $5.60 we can add some more at a much better risk/reward. Stop is around $5.40.
MROAll price levels are algo targets. Expect a reaction at every one of those.
Green= Buy, possible dip target to reenter long
Red= Sell, dip expected at those regions
White= Has to break to confirm following price target
Marathon Oil Corp. Bullish Break Above the 200MA
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.
Short interest 9%
Marathon oil up up and ... Marathon Oil (MRO), has broken down trend lines ( 2 black dotted lines), and the average options trading volume is 10X above average, most active option contracts are :
30 October 2020 strike 4.5$
15 January 2021 strike 6$.
The stock could reach 6.19$, but have to clear the 4.35$ , 4.86$ hurdles before that.
Buying at market price with a 10% stop from entry level.
$MRO A Buy At $3 If It Backs UpTitle says it all - looking for one last dip to $3 - long term hold Not Advice. #Patience
gann fan, elliot waves and fib retracement thoughts on this does it look correct ,close, or not even close leave some feed back
MRO.... STerm Bottom and price reversal ??Possible Extended Gartley Pattern here.
Add price divergence and we may have a short term bottom.
Targets are market 50% position off at the first target
S.
Marathon Oil Corp. $5.00 Target Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.
