Trend reversal in MRO

+MRO making trend reversal and breakout primary downtrend
+Bullish EMA lineup : EMA20 > EMA50 > EMA200
+Making Higher High and Higher Low.
+Generally shows +ve Force Index since last Earning Call
+Price retrace to FIBO 0.618 and Consolidating around EMA20
+Price trying to break 15.28 level.
+Price above Lower Limit of Bollinger Band (ATOM). Few buy signal appears
+Oversold.
+Reward over Risk = 2.1
+Bullish if price continue to find support at EMA20

Commentaire:

Spot On. Price move as per TA. It's up more than 20% since Dec2.
All targets hit. Time to take profit and let it settle for new support.

Trade fermée: cible de profit atteinte