MRO Trade Setup - Trend Reversal Swing
MRO - January 5, 2019 - Trade Setup
MRO has recently trend reversed and
successfully broke over the 20ma on
a retest on Friday. With a RSI midline
bullish break and a favorable Macd,
it has a chance to move to the 50ma
at 16.36 with a break over previous
candlestick resistance at 15.70.
Other price targets at 17.81 and the
100ma at 18.80 for a swing.
MRO has recently trend reversed and
successfully broke over the 20ma on
a retest on Friday. With a RSI midline
bullish break and a favorable Macd,
it has a chance to move to the 50ma
at 16.36 with a break over previous
candlestick resistance at 15.70.
Other price targets at 17.81 and the
100ma at 18.80 for a swing.
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