Oil averages completing final stages of complex inverse H&S; MRO is behind the curve of many O&G stocks; measuring rule implies 42% increase from neckline w/ PT at 23.4
Comment:
MRO is right below neckline pending breakout; pattern exhibits technical strength to successfully breakout w/ good volume imminently. Golden cross on hourly and daily will help fuel this. successive breakout confirmed when price closes 2-3% above neckline price w/ good volume or gap up on good volume above neckline. GL