MRC GLOBAL Stock Chart Fibonacci Analysis 042223Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 9.4/61.80%
MRC trade ideas
$MRC setting up again$MRC setting up again. Looking for a sideways action around here, an inside day or two would be ideal to setup a pivot long.
MRC Global Awarded Major Equipment Supply Contracts for Sunrise MRC: MRC Global
2022-02-22 16:15:00
MRC Global Awarded Major Equipment Supply Contracts for Sunrise Wind Project
MRC: Bullish Pennant (41%), Ascending Triangle (120%)Primary Target (short term):
Bullish Pennant, awaiting confirmation (41%)
PT = 16.09$
Secondary Target (Long term):
Ascending Triangle (120%)
PT = 25.92$
$MRC Gap fill potential , Earnings BeatMRC Global Inc. MRC reported better-than-expected results for the first quarter of 2020. Reduced customer spending levels (in the oil & gas industry) due to the ill-effects of the coronavirus outbreak adversely impacted results.
The company’s adjusted earnings per share in the quarter were 1 cent, surpassing the Zacks Consensus Estimates of a loss per share of 5 cents. However, the bottom line plummeted 92.9% from the year-ago reported quarter’s earnings per share of 14 cents.
MRC - do we have a key reversal?MRC had friday big volume and loss and went up again,
is this a turning point. ?
target FIB - level 0.618 and 0.786 retrachment.
we need a break above 13 to have a valid change.
move stop up to entry price after that break.
good luck.
MRC Potential - Shift to trend or back to range?MRC attempts to break its range, recent consolidation and far enough oversold area could allow it the breathing air it requires to get there, although a stronger breakout was preferred.
MRC Day Trade Perfect Gap N Go (Feb20,2015)MRC expected to open at 12.40 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
