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Bullish Pennant Pros: Post forming with volume Descending volume during Pennant forming PPS above 50MA and 200MA Golden cross in blue RS above 0, and ascending ATR Ascending R/R ratio above 7 250RSI above 50 200MA ascending Target: PT = 16.55$ 1000 Followers! Thank you all! Thank you to those who donate Coins! Stay Humble, have fun, make money!
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
you know its one of my favorite patterns i had to pick up commons even over extended lets DO THIS, MRO
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.
Seems oils been doing good...hope it opens with this momentum!
Oil 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...
MRO 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.
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.
STATE OF THE MARKETS Another round of profit taking. Global equities launched another round of profit taking activities on Wednesday as investors were nervous about the reports of adverse reactions to covid-19 vaccine in the UK. Two cases of anaphylaxis and severe allergies to the vaccine might hamper the rollout as public are more cautious to take it on. On...
Risk/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.
All 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. 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...