Buying Opportunity MPC with Target price of 65.07The daily chart shows that MPC has a bullish breakout from the triangle. This breakout is also supported by the DI+ Crossover, the reversal is confirmed by the Parabolic SAR and RSI is at mid range.
Please note ADX is below 25 and conservative traders can wait for the ADX signal if required. But there are other signals which are guarantying the bullish pattern.
It is also important to note, MPC has earning announcement on May-4th. So Buy MPC between $55-$56 range with target of $65 with strict stop loss at $53.95.
