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.
