MRO trade ideas
Long | MRONYSE:MRO
TP1: 14.25$
Call options, Strike 15$, 07/30/21
*This is my idea and could be wrong 100%
MRO wave analysisWeekly break out of falling wedge. Will be looking to enter long after a completion of wave 2 at ~$11.
MROBack resistance before the pullback
look for it to re test resistance, than long to 18.89 --≥ 22.90
MRO: Bullish Pennant (43%), Ascending Triangle (153%)Primary Target (short term):
Bullish Pennant, confirmed (43%)
PT = 16.55$
Secondary Target (Long term):
Ascending Triangle (153%)
PT = 33.55$
MRO 15MNBULLISH CRAB for SCALPING
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
MRO 45MNBullish BAT + CRAB
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
MRO 1HRBullish BAT & CRAB
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
MRO 15MNBULLISH CRAB for SCALPING
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
MRO 1HRBullish BAT & CRAB STRO NG ZONE
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
MRO: Bullish PennantBullish 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$
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$MRO - golden crossyou know its one of my favorite patterns
i had to pick up commons even over extended
lets DO THIS, MRO
