Marathon Oil Corporation:
Long Position:
Entry Point: Consider entering a long position if the stock breaks above $28.00 with increased volume, signaling a reversal.
Price Target: Initial target at $30.00, with a stretch target at $33.00 based on bullish momentum and sector strength.
Stop Loss: Set a stop loss at $25.00 to mitigate downside risk in case of continued bearish pressure.
Short Position:
Entry Point: A short position could be initiated if the stock breaks below $26.00, confirming bearish momentum.
Price Target: Aim for $24.00 as a short-term target, with further downside potential to $22.00 if market conditions deteriorate.
Stop Loss: Implement a stop loss at $28.00 to protect against a sudden bullish reversal.
Marathon Oil Corporation (MRO) has recently experienced a notable price decline, closing at $26.65, down by 2.77%. This movement has attracted attention from traders seeking both short-term gains and long-term investment opportunities.
Entry Point: Consider entering a long position if the stock breaks above $28.00 with increased volume, signaling a reversal.
Price Target: Initial target at $30.00, with a stretch target at $33.00 based on bullish momentum and sector strength.
Stop Loss: Set a stop loss at $25.00 to mitigate downside risk in case of continued bearish pressure.
Short Position:
Entry Point: A short position could be initiated if the stock breaks below $26.00, confirming bearish momentum.
Price Target: Aim for $24.00 as a short-term target, with further downside potential to $22.00 if market conditions deteriorate.
Stop Loss: Implement a stop loss at $28.00 to protect against a sudden bullish reversal.
Marathon Oil Corporation (MRO) has recently experienced a notable price decline, closing at $26.65, down by 2.77%. This movement has attracted attention from traders seeking both short-term gains and long-term investment opportunities.
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.