+MRO making trend reversal and breakout primary downtrend +Bullish EMA lineup : EMA20 > EMA50 > EMA200 +Making Higher High and Higher Low. +Generally shows +ve Force Index since last Earning Call +Price retrace to FIBO 0.618 and Consolidating around EMA20 +Price trying to break 15.28 level. +Price above Lower Limit of Bollinger Band (ATOM). Few buy signal appears +Oversold. +Reward over Risk = 2.1 +Bullish if price continue to find support at EMA20
Note
Spot On. Price move as per TA. It's up more than 20% since Dec2. All targets hit. Time to take profit and let it settle for new support.
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.
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.