MPC primed to go back to ATH over the next year.
MPC continued its trend of beating earnings 4 quarters in a row. Even though this time it was slightly less than expected, the stock dropped slightly, but only to the next Fibonacci level, which also happens to be the lower bound of the parallel channel it finds itself in. Some positive momentum and a high oil price will push this upwards.
This is long term hold for me.
MPC continued its trend of beating earnings 4 quarters in a row. Even though this time it was slightly less than expected, the stock dropped slightly, but only to the next Fibonacci level, which also happens to be the lower bound of the parallel channel it finds itself in. Some positive momentum and a high oil price will push this upwards.
This is long term hold for me.
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