Marathon Oil Corporation: Bullish Bat with Bullish Divergence

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Marathon Oil Corporation (BATS:MRO)

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BATS:MRO Marathon Oil Corporation

Harmonic Patterns Technical Indicators Trend Analysis Oil MARATHON Bullish Bat Bullish Divergence

harmonicpatterns indicator trendanalysis oil marathon bullishbat bullishdivergence

MRO on the intraday is showing signs of Bullish Divergence on both the MACD and RSI at the potential HOP level of a Bullish Bat. If this plays out I think it could make a move up towards $25

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Today, what has started off as being an intraday setup, has hopped over to the Daily timeframe. MRO today confirmed a Bullish Harami at the HOP level of this Bat and it aligns with Horizontal Macro Support which may result in a breakout of a greater Falling Wedge Pattern:

snapshot

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