MPLX - Ready to break higher Price has been slowly rising while contracting a lot those last few weeks.
It's not a bad idea to try to buy now imho.
Stop at today's low @36.46 or a bit lower @36.30 .
Target is open for now
MPLX
Waiting for confirm $DJI, plus other positions, 50% cash nowNO GAP $DJI UP so what now?
Looks like there's still momentum, it's early in day
Yesterdays HANGING MAN is warning sign, NOT a reason to go short, let's see how day fares
Waiting for CONFIRMATION
$ATVI is our largest position, rolled 1/2 $TWTR $ there
$BHP
#GOLD #SILVER
Bought $VZ last week
Own $INTC @ 28
$AMC last week
Still have trailer $LEU
Still hodl $CLX $MPLX $KHC
Cash in major account is 50%
In others it's bit less
No "day trading/aggressive" $ used
MPLX X Waving also. MPLX We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Scenario: buyback at the bottom of the long trend channel @ MPLXFundamental background: The firm announced that it had completed the purchase of Protective Insurance in a deal worth $338 million, outlining further growth plans.
The Barclays's target is 84 USD.
Happy new year ! Long term buy and hold MPLX - This is one of my favorite stocks for my long term portfolio.
Wave count suggests a big rise wich in itself is awesome but this company has also great dividens !
So, buy it and keep it for a few months/years.
I certainly will !
Our Stock of the Day / MPLXToday, we have a long setup to share. Here you will have a full explanation
a) We always start with the Weekly or Daily chart to see the most relevant area. There we can see huge support that provides us with a bullish context
b) On the 30min chart, we can see the price above the weekly support zone
c) There we have a corrective structure on a key level
d) Based on that, we will develop a long setup expecting a breakout of the corrective structure with a target on the descending trendline
e) Entry Stop and Take profit are the ones you can see on the setup. The break-Even level is the yellow horizontal line
f) We will cancel the setup if the price goes below the corrective structure
g) We will risk 1% of our capital on this setup
h) Remember: Trade safe, protect your capital, and always understand what you are doing.
$mplx :OMplx is on a tear! It's entering overbought territory. It likely has another dollar to go before it retraces.
I'm thinking about selling around 22.25-22.50. What about everyone else?
MPLX: Daily Break out with good vlumeMPLX tries to break a monthly Support but soon bounced up and now has a formed a daily breakout.
Target $46.55trading in a long accumulation channel, testing bottom support level - can move up fast
