gumbtg

MPC on breakout Watch

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NYSE:MPC   Marathon Petroleum Corporation
8
Watch for weekly close above he orange resistance line. RSI needs to continue to find strength. Watch that MACD Cross. Not sure how strong that signal is.
Comentário:
Last week we saw a doji at the top of the daily rally. Failed to break out then. However still holding above 52.

One more note. I recall that MACD crosses that occur above the zero line are not very meaningful when compared to a cross that occurs at zero. So nothing screaming too much here on the weekly chart.
Comentário:
My rsi trendline drawing was learned from "Eric Muathe"

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