MPLX Rounding Top Pattern
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MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Gathering and Processing segment gathers, processes, and transports natural gas. MPLX has a strong quantitative fundamental score (Greater than 6) with good analyst prospects (Buy and Hold ratings). Furthermore, MPLX has an extraordinary dividend pay out @ 2.768 per share/year. Therefore, this MPLX is good to hold and one should watch this for cheap shares in the next two years.
For this trade, I would buy shares at $19.00 and continue buying until price reverses. I would make graduated buy orders that increase in position size, averaging into the position. I don't expect price will travel further down than about $16.00 - $17.00. Just be aware that price may dump but probably will not dump as bad as it did in February to March of 2020.
Good luck and trade safely!
For this trade, I would buy shares at $19.00 and continue buying until price reverses. I would make graduated buy orders that increase in position size, averaging into the position. I don't expect price will travel further down than about $16.00 - $17.00. Just be aware that price may dump but probably will not dump as bad as it did in February to March of 2020.
Good luck and trade safely!
Note
Bearish-Divergence on the weekly: 
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