akillam1

MRO - Call Opportunity

Panjang
NYSE:MRO   Marathon Oil Corporation
MRO had a run up from 14.50 all the way to 22.00 from March to May 2018. Since it has been consolidating between 20-22. This has formed a longer term potential bull flag. Strong resistance at 22, and moderate support at 20. Try to catch one last dip from 21-21.50 with hopes of the bull flag break out. If this doesn't pull back to 21.00 then we can look at playing the break of 22 for a potential multi-day run to 24+.
Penafian

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