Nov. 14 at 3:05 AM
$MPC
Market Context: The stock closed at
$194.58, within a range established by the 60-day high of
$202.25 and low of
$163.1. The current RSI of 48.1 indicates a neutral momentum, suggesting the stock is neither overbought nor oversold.
Directional Bias: The price is above the 30-day moving average (MA30) of
$190.54 and the 50-day moving average (MA50) of
$189.27, indicating a bullish trend. However, the RSI suggests caution as it is not in the bullish territory above 50.
Suggested Entry: Consider entering a long position above
$195.00 to confirm upward momentum.
Stop: Set a stop loss at
$188.00 to manage risk.
Targets: Aim for a first target at
$200.00, aligning with the 60-day high, and a second target at
$202.00, slightly below the high, to maximize potential gains while remaining realistic.
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