About meI have always practiced fundamental investing where I chose value over momentum. Market volatility has forced me to pivot from "buy and hold" into swing trading. I am re-inventing myself as a trader.
MPC is forming the right shoulder of a Head & Shoulders trend reversal pattern.
Company in its latest earnings call has $9B planned for stock buyback at opportunistic prices. The buyback should mitigate downward trend as indicated by bearish Head & Shoulders pattern. Price should breach the previous shoulder high of $60.02.